Stat of the Day: Very Low ‘Current’ Recession Risk In This Consumer Driven Economy – Private Wealth Advisors

Thursday, August 16, 2018

Stat of the Day: Very Low ‘Current’ Recession Risk In This Consumer Driven Economy

by Marty Mazorra CFP®, ChFC®

Founder & Co-Chief Investment Officer

While our PWA [Macro] Index has dropped from the low 80s to the low 40s (still a historically decent reading) during the course of this year, the driver of 2/3rds of U.S. economic activity — based on his/her credit performance — is doing just fine.

Here’s Bespoke Investment Group on the subject:

……impressive is the recent collapse in the share of consumers who are facing collection proceedings. As shown, those have swung from nearly 15% in 2012 to a paltry 9% today. That’s a good sign for both the current state of consumer credit performance and the outlook for consumers’ ability to access credit.

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Marty Mazorra CFP®, ChFC®

Founder & Co-CIO

is the author of "Making Lemonade: A Bright View on Investing, on Financial Markets and on the Economy" and "Leaving Liberty?: Essays on Politics and Free Market Thinking".

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