Is the Bond Market Predicting the Ability to Spend?

The percentage of disposable income that are spent on maintaining the current debt has never been lower. This is in terms of, well, i shouldn't say never been lower since 19 75 or something like that. So wereinn a period where the ability for people to spend is being greatly underestimated. We could see things like banks, insurance, industrials, energy, all those sorts of things that have been so hated. Those are going to be things that could be flying.