Relevant:
- Consumer credit down, but does it show deleveraging?
- The great deleveraging -- US households see access to debt diminish. Housing affordability and reversion to the home price to family income ratio.
- U.S. shoppers spend less over holiday weekend amid discounting
- Doug Noland: Back to Fundamentals
- Effect of Household Deleveraging on Housing, Consumption and the Stock Market
2012-06-07 — zerohedge.com
``As it turns out, the entire "releveraging" was merely a one time artifact of consumers relying more than ever on credit to purchase items in the holiday season. Because as the just released update from the Fed indicates, deleveraging is back with a vengeance.''
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