US household debt is down, recovery is imminent
September 7, 2012
This chart shows US household debt’s relationship to US GDP.
As you can see US household debt is down. According to Nobel prize winning economist Paul Krugman:
Posted in: Infographic of the day, News“If you believe that excessive household debt was at the core of the [recession]… there’s a pretty good case that the stage has been set for a much stronger recovery over the next few years.”