Economics
Deutsche Bank: This Measure of Household Finances Could Spur the Next U.S. Recession
Why the post-crisis rise in U.S. households' net worth might be a bad thing.
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Those sanguine about U.S. recession risk aren't looking in the right place.
While standard measures of the real economy — from inflation to the labor market — nurture the Fed's optimism that the U.S. economy can withstand the impact of rate hikes, Deutsche Bank AG's chief economist Joseph LaVorgna sounds the alarm on financial excesses.