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All I'm trying to say is that there were probably better times in all of recorded history to swing for the fences.
Source Data:
FRB: Flow of Funds Accounts of the United States
ICE: Mortgage Delinquency Rate Increased Year-over-year in October
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From ICE: ICE First Look at Mortgage Performance: Serious delinquencies hit
17-month high while foreclosure activity remains historically muted
• At 3.45% ...
2 hours ago
4 comments:
Amazing how fast it recovered in just 10 years. People really love their financial assets in the new century. It has a bubbly look, but what do I know? Maybe the ratio will hit 3.0 before it comes down again.
Mr Slippery,
I'd say we're due for a nice 1982 to 2000 style prosperity wave.
Did I say due? I didn't mean to imply that there was a debt owed.
100% optimism here. Yes, sir.
If by "due" you mean after a 3 year plummet that makes the 2008 recession look like a mere hiccup, then I agree with you. That's what your graph says to me, anyway.
Who Struck John,
Intractable hiccups - they persist for longer than one month.
I don't even know why I bring it up.
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