Its pretty clear I’m not bullish on the US consumer’s ability to make smart financial decisions right now. I would just like to show two charts that I think are representative of the credit-financed disneyland we have been living in. The first is the percentage of consumer debt outstanding with relation to GDP. The second is the percent savings rate of disposable income in the US.

I’d just like to say “bravo!” to all those policymakers and complacent voters who let this kind of economic policy become the norm.