This is one of the articles I brought up in our last interview with Chris Temple. The fact is, private debt continues to pile on at a rate greater than that or public debt. Both of these debt levels need to be going down if the Fed has any ambition of raising interest rates. Any increase in rates would further send the average American into the poor house which the administration wants to avoid. One aspect that stuck with me was watch out for China… Huge private debt as seen in the chart below.
