Tag Archives: bank credit

Our economic situation is vastly misunderstood and the future adverse consequences of this misunderstanding can not be understated. To highlight the tenuous situation I present below 10 charts on the economy that highlight the "atypical" nature of our economic situation a full 73 months after the official June 2009 end of the recession. To say there is much “on the line” here would be a complete understatement.

This is NOT a business cycle: this is a one-time reversal of twenty years of inflation of the household balance sheet. An aging population needs a 10% savings rate (at least) to meet minimum funding requirements for the biggest retirement wave in US history but, instead, with 17% effective unemployment, many Americans are dis-saving. Words: 332