Why Debt-To-Income Ratios Are Worse Than They Appear
by Lance Roberts I recently published an article discussing why “recessions” are a good thing by reverting debt buildups excesses during expansions. The argument against debt reversions is always the same in that “debt-to-income” ratios low. To wit: “One reason (of many) we don’t need a debt reversion is that household debt service costs (interest etc.) as a % … Read more