Monday, February 14, 2011

US Consumer Credit Breakdown

Wondering about the composition of consumer debt in the US? The below graph shows a breakdown. Mortgage debt is by far and away the largest.


Many observers like the fact that credit card debt has been ticking higher (squint and you may actually see it!)--which suggest more spending on the horizon.

The other side of the trade is that more consumer credit is the last thing we need given the degree of leverage in the system...

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