Household debt is at a record high relative to assets in the United States, according to Gluskin Sheff Chief Economist & Strategist David A. Rosenberg. As can be seen from the chart below (taken from a recent Rosenberg research note), the household debt-to-asset ratio is now 21.0%, compared to prior ...

Are prices for consumer goods and services going into free fall over the next few years? Is deflation the likely scenario as record-level declines in commodity prices and government bond yields seem to suggest? Not if the Federal Reserve has anything to do with it.