The Bonddad Blog
Still nerdy after all these years
Friday, January 15, 2010
Oh my God -- Consumer Debt is Down! The Sky is Falling!
OH MY GOD! Consumer debt is falling! That means the sky is falling!!!!! We're doomed!!!!!
Except that now household debt service payments are also declining, giving households some financial room.
In other words -- we're finally working at living within our means. That's a good thing.