$17.8 Trillion - Highest US Household Debt Ever; Japan Backs Off Interest Rate Hikes Fearing Market Volatility | Business Matters Full Broadcast (August 7)

$17-point-eight trillion dollars. That's the latest number for U-S household debt on, according to the Federal Reserve Bank of New York. And the largest on record. Auto loan and mortgage debt rose and credit card debt reached an all-time high. Important news for investors coming out of Japan today. The country's central bank signalling it will hold off raising interest rates while markets are quote 'volatile'. Normally Japanese interest rates are not something we're all that worried about. But after the Bank of Japan raised rates for only the second time in 17 years last week it sent global markets into a tizzy.