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Housing debt continues to climb ($5 trillion in just six years). I wonder if we can continue to double it every six years?
It doesn't seem likely. We were on a trillion dollar a year pace, but something seems to be slowing our rate of climb recently.
Perhaps gravity is bringing us back down to the cold hard reality of earth.
The trend lines in the charts represent one very dire outcome out of many. I'm not attempting to predict the future, but merely offer a warning.
See Also:
The Physics of Home Mortgage Debt - 2007 - Q2
Trend Line Disclaimer
Source Data:
FRB: Flow of Funds Accounts
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