Tuesday, November 1, 2016

1986-1992: Preparing for Goldilocks


Graph #1: Growth Rates of Household Debt, Private Non-Financial Debt, and Non-Federal Debt
Debt growth fell after 1985. Household debt growth fell the least, non-Federal fell most, Private Non-Financial between the other two.

The fall of financial costs helped business keep inflation low. The growth of household debt was enough to bring demand and economic growth up.

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