NY Fed: Household Debt decreased

So much for a consumer led ‘borrowing to spend’ credit expansion? 6 years of 0 rates from the Fed hasn’t done the trick. Same in Europe. Nor over 20 years of same in Japan.

But these are all exceptions…
:(

NY Fed: Household Debt decreased Slightly in Q2 2014, Delinquency Rates Lowest Since Q3 2007