04 Jan

The economic statistic of the decade – Reuters

Mike Mandel has four nominees for his “Economic Statistic of the Decade” award, including home prices (obvs), Chinese growth, and global trade. But the most startling one, for me, is US household borrowing:

via The economic statistic of the decade | Analysis & Opinion | Reuters.

I would have to totally agree with this, seeing household borrowing from $200-400 billion to over $1200 billion a year and fall even faster is an interesting trend. Though the implications of it I’m not qualified to speak on it.

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