{"id":35339,"date":"2012-10-27T19:29:59","date_gmt":"2012-10-27T19:29:59","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/rise_in_household_debt_might_be_sign_of_a_strengthening_recovery\/"},"modified":"2012-10-27T19:29:59","modified_gmt":"2012-10-27T19:29:59","slug":"rise_in_household_debt_might_be_sign_of_a_strengthening_recovery","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=35339","title":{"rendered":"(NY Times) Rise in Household Debt Might Be Sign of a Strengthening Recovery"},"content":{"rendered":"<p>For the first time since the Great Recession hit, American households are taking on more debt than they are shedding, an epochal shift that might augur a more resilient recovery.<\/p>\n<p>For two of the last three quarters, American households\u2019 total outstanding borrowing on things like credit cards, mortgages and auto loans has increased after falling for 14 consecutive quarters before then. Some economists even see an end to the long, hard process of deleveraging \u201d\u201d as they refer to the cutting of debt relative to income or the nation\u2019s economic output. That process, they say, has been a central reason for the extraordinary sluggishness of the recovery.<\/p>\n<p>\u201cWe\u2019re at an inflection point,\u201d\u009d said Kevin Logan, the chief United States economist for HSBC. \u201cDebt is less of a burden\u201d\u009d for households, he said.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2012\/10\/27\/business\/rise-in-household-debt-might-be-sign-of-a-strengthening-recovery.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the first time since the Great Recession hit, American households are taking on more debt than they are shedding, an epochal shift that might augur a more resilient recovery. For two of the last three quarters, American households\u2019 total<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=35339\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,582,589,149,168,600,597,593,585,596,34],"tags":[],"class_list":["post-35339","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-consumerconsumer-spending","category-corporationscorporate-life","category-economy","category-ethics-moral-theology","category-housingreal-estate-market","category-laborlabor-unionslabor-market","category-personal-finance","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/35339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35339"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/35339\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}