Independent Investment Management and Financial Planning
Household and Nonprofit Organizations Debt exceeds prior peak set in Q3 of 2008 during heart of the financial crisis. Although, it remains lower than the prior peak when measured in terms of GDP.
Both student loans and auto loans are sharply higher than Q3 of 2008.
With the inauguration of a new President, it seems appropriate to identify a new economic and market baseline as a fresh starting point for the incoming administration.
First, the conditions President Trump is inheriting then we’ll see how those conditions stack up to his five immediate predecessors’.
All data as of 12/31 of year prior to inauguration unless indicated otherwise.
There are many observations to be made, but I’ll focus on a few I find particularly interesting.