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Bill McBride — NY Fed Q1 Report: “Total Household Debt Rises for 19th Straight Quarter, Now Nearly $1 Trillion Above Previous Peak”

Summary:
At some point private debt becomes unsustainable by income. There is nothing in the report to suggest that this point is closely approaching from the household side, however, although there has been some noise about rising corporate debt and its quality. Calculated RiskNY Fed Q1 Report: "Total Household Debt Rises for 19th Straight Quarter, Now Nearly Trillion Above Previous Peak"Bill McBride

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At some point private debt becomes unsustainable by income. There is nothing in the report to suggest that this point is closely approaching from the household side, however, although there has been some noise about rising corporate debt and its quality.

Calculated Risk
NY Fed Q1 Report: "Total Household Debt Rises for 19th Straight Quarter, Now Nearly $1 Trillion Above Previous Peak"
Bill McBride
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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