This chart from Deutsche Bank Research shows that since the financial crisis of 2008 and beyond, US households have been deleveraging their mortgage debt. This is a major reversal, and the chart shows this is the first major trend in this direction since the post-World-War-II era. US consumer credit continues to leverage up slightly. These trends combined may explain recent …
Unemployed persons per job openings in the United States
This trend in unemployment and job creation shows just how far the US economy has come since the crisis of 2008. We were heavily skeptical when the finance sector was crowing about how the recovery was roaring by 2010. This was clearly overstated. Today, however, combined with broadly positive economic data, it is clear that the job creation engine is …