Is Growing Household Debt An Economic Counter-Dynamic?


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According to Liberty Street Economics:

The latest Quarterly Report on Household Debt and Credit from the New York Feds Center for Microeconomic Data showed a substantial increase in aggregate household debt balances in the fourth quarter of 2016 and for the year as a whole. As of December 31, 2016, total household debt stood at $12.58 trillion, an increase of $226 billion (or 1.8 percent) from the third quarter of 2016.


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What We Read Today 25 February 2017

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

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 more features, analysis, studies, and news published in the last week

Documentary Of The Week: The History Of Humanity

Written by John Lounsbury

Econintersect: This 19-minute video scans through the global map as defined by human civilizations from their earliest emergence 200,000 years ago.


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Infographic Of The Day: Major Cruise Ship Accidents

The open water is a place that most people look at as a place for family and friends to catch some fish, jump in the water and float around all day, but there is an accident and crime side to our planet's bodies of water.

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Video of the Day:

Workers at a card company must separate words as "clean" or "dirty." But every word is perfectly clean. Thespian: an actor; Fugue: a short melody; Seersucker: a type of fabric; Torque: rotation creating force; Titillate: to excite or arouse; Matriculate: to enroll in school; Jocular: joking; Horehound: a type of mint plant.

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Current Weather Outlook

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NOAA has a "much above average" level of confidence in their 6 - 10 Day Outlook and I do not believe that such a high level of confidence is justified. The pattern in the Eastern Pacific that controls teleconnections is in transition which to me means that there are too many moving parts to be maximally confident. Further out, there are AO/NAO uncertainties. The Northeast U.S. may be the area with the most uncertainty.


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Babson's Ten Commandments Of Trading

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In Defense Of Greece: An Open Letter To The IMF

by Elliott Morss, Morss Global Finance

It is time for the IMF to step back from the Troika table and sit down at the Greek table to remedy this Greek tragedy. To that end I have written this letter.


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 USA economy at a glance (boxed items are updates in last 7 days)

17 February 2017: ECRI's WLI Growth Index Again Moderately Declines

ECRI's WLI Growth Index which forecasts economic growth six months forward remains in positive territory for the 48th week - after spending the previous 35 consecutive weeks in negative territory. This is compared to RecessionAlerts similar weekly leading index.

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