The 1980s was the Japanese decade with Japanese companies being the most valuable ones in the world and Japan being at the centre of the global economic growth. But since the 1990s, Japan has struggled with growth and deflation.
The answer is different on how you look at it – in terms of absolute outstanding debt, growth rates and relative to GDP.
In absolute terms the total credit market or total debt outstanding of the U.S. which includes debt owed by the government (Federal and local), corporations and households stands at $72 trillion.
Household wealth (or household net worth) in the United States fell by a record $3.72 trillion in the fourth quarter of 2018. The fall in the stock markets would have probably been the largest contributor to the overall fall.
Between March 9, 2018 and March 9, 2019
- 53 countries raised interest rates with an average increase of 1.74%
- Excluding increases in Argentina, Turkey and Yemen, the average increase across the other 50 countries that raised interest rates was 0.82%
- 36 countries saw a decrease in interest rates, with an average decrease of 1.18%
- For all countries in the world, the average interest rate change was +0.29; excluding Argentina, Turkey and Yemen – the average interest rate change was -0.01%
The Governing Council of the European Central Bank (ECB) expects the key ECB interest rates to remain at their present levels at least through the end of 2019.
The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility are 0.00%, 0.25% and -0.40% respectively and these rates are expected to remain in place at least until the end of 2019.
Are more houses being constructed? And what about the average and median prices of houses being sold?
The S&P 500 rose 2.97% percent February following a 7.87% gain in January setting the start of 2019 its best start to a year since 1991.
The markets plummeted in December mainly due fears of slowing economic growth, worries about rising interest rates and global trade issues. What has changed since December?
Real gross domestic product (GDP) for the United States increased at an annual rate of 2.6% in Q4 2018, according to the initial estimate released by the Bureau of Economic Analysis (BEA).
We wrote recently that delinquency and charge-off rates across banks in the United States remain low and that bad loans aren’t really increasing for banks in the United States despite some claiming that they are. We had also written about banks in the United States having a problem – they couldn’t find enough customers to lend money to. We wrote that last year and it appears a few things are changing; bank lending in the U.S. is now finally on the up.