by Mike sent this out in a note the other day.Household debt service bouncing along the bottom at 40 year low.You can see how over the last 10 years households have been starved of credit as banks had to divert allocation of their regulatory capital against the additional $trillions of Reserve Assets the Fed created under the various QE policies.This should begin to bottom as Fed has stated that they intend to reduce their QE policy by 0B this year and over 0B next year; allowing households to start accessing credit again.
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Mike sent this out in a note the other day.
Household debt service bouncing along the bottom at 40 year low.
You can see how over the last 10 years households have been starved of credit as banks had to divert allocation of their regulatory capital against the additional $trillions of Reserve Assets the Fed created under the various QE policies.
This should begin to bottom as Fed has stated that they intend to reduce their QE policy by $400B this year and over $400B next year; allowing households to start accessing credit again.
