- There's a storm of private and public debt troubles that's headed for the market.
- Warning signs have sprung up in rising credit card balances, delinquencies, and other indicators.
- Here are the signs that the US is dealing with troubles stemming from its mountain of debt.
A storm of public and private debt is brewing in the US – and the troubles are already beginning to show on the surface as loans pile up and borrower confidence falters.
At a broad level, Fitch Ratings' downgrade of the US credit rating and Moody's downgrade of 10 US banks this summer points to issues for both US sovereign credit (political polarization hampering the US's ability to meet debt obligations) and debt originated out of the banking sector (structural pressures stemming from tighter credit conditions and Fed policy).
Jennifer Sor | Yahoo Finance