Do you think the American Economy is in recovery mode? –@fpenido
YES. The economy has been recovering since early 2009.
Look at this chart of personal spending:
Now look at this chart of household debt obligations. That’s a measurement of financial stress. It’s all of your regular monthly payments: car leases, rentals, mortgages, credit card bills, divided by your income. It’s getting lower. So we are spending more and owing less. That’s recovery.
