Technician Ron Griess: U.S. Not Deleveraging—Debt Is Still Growing
Also, Ryan Puplava with this week’s Market Wrap-up and Rob Bernard with the Fixed Income Report
Jim welcomes back technician Ron Griess, founder of The Chart Store. Ron and Jim discuss some of Ron’s charts that illustrate that US debt is not contracting, but in fact total credit market debt in the US is still growing, reaching a new record high of $55 trillion in the second quarter of 2012. Conversely, household net worth peaked in 2007 and household real estate values are down 25.8% since the peak in Q4 of 2006. Also in this segment, Ryan Puplava has this week’s Market Wrap-up and Rob Bernard looks at the credit markets in the Fixed Income Report.