Household debt falls to record low in 4Q
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This is the typical, desperate news propaganda story that cries out, Yeah, soon we can kick the can down the proverbial road, AGAIN!
The comical part is that if you keep reading the article, the "fine print" gets revealed near the end. Lowered Credit Lines is one of the reasons that debt versus household income ratios are improving.
The REALITY IS, the economy needs to string about 20 of these quarters in a row before real improvement occurs, and that CAN NEVER happen because as soon as even a modicum of good news gets reported, it is LEVERAGED to way beyond the true value the good news could ever muster.
Please consider viewing and then signing the Debt Neutrality Petition by clicking here.
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