The New CS Board

[jumanji0881]

Household Debt Hits $12.4 Trillion As Subprime Loan Delinquencies Hit Highest In 6 Years: NY Fed : http://www.zerohedge.com/news/2016-11-30/

My comment : Just how are consumers going to keep the economy propped up with more spending when they are up to their eyeballs in debt ? And international corporations are going to take a big hit to earnings with the strong US$. Even the repatriated corporate funds may not benefit the economy if companies don't use it to expand (but without demand, there's no reason to expand). Meanwhile, the federal deficits will increase with lower tax revenues and higher spending on infrastructure. Watch those bond yields increase.

Excerpt:
The latest just released Quarterly Report on Household Debt and Credit from the New York Fed showed a small increase in overall debt in the third quarter of 2016, prompted by gains in non-housing debt, and new all time highs in student loans which hit $1.279 trillion, rising $20 billion in the quarter.11.0% of aggregate student loan debt was 90+ days delinquent or in default at the end of 2016 Q3.

Total household debt rose $63 billion in the quarter to $12.35 trillion, driven by a $32 billion increase in auto loans, which also hit a record high of $1.14 trillion. 3.6% of auto loans were 90 or more days delinquent.