Look out for the following:
US savings rate reaches 8% of Disposable Income – currently its about 2.6%
US household debt service as a percentage of disposable income falls to less than 11% (currently its about 14%)
US housing stock falls to 8 or fewer months supply – today its about 17 months – you need to watch the figure that includes everything, including foreclosed assets, etc.
Two of them are all about getting the US consumer cashed back up. There will considerable be pain for the US while people save/pay down debt.
There are no guarantees but these indicators have featured at the early stages of the last several recoveries.
Perhaps you might want to set a Google alert or another means to monitor where these indicators are travelling periodically.
Cheers
Tomthemoneyman
