It appears that more household debt is being accumulated than can be effectively managed.
Canada's GDP declined from 0.2% to 0.0%, as shown on the graph below...another indicator of a slowdown in global growth.
Friday, December 23, 2011
Diverging Data
A variety of data released today, shows a divergence between a decline in personal spending and income versus an increase in new home sales (although sales remain depressed at the lows of their 2008/09/10 levels), as shown on the three graphs below (courtesy of www.forexfactory.com).
It appears that more household debt is being accumulated than can be effectively managed.
Canada's GDP declined from 0.2% to 0.0%, as shown on the graph below...another indicator of a slowdown in global growth.
It appears that more household debt is being accumulated than can be effectively managed.
Canada's GDP declined from 0.2% to 0.0%, as shown on the graph below...another indicator of a slowdown in global growth.