BREAKING: Total US household debt increased by $109 billion in QQ 2024, to a new record of $17.8 trillion, according to the NY Fed.
— The Kobeissi Letter (@KobeissiLetter) August 7, 2024
Breakdown of the large categories:
1. Mortgage Debt: +$77 billion to $12.52 trillion
2. Auto Loans: +$10 billion to $1.63 trillion
3. Student…
Says volumes
https://www.asahi.com/ajw/articles/16564534