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Monthly Archives: August 2010
Personal Income and Consumption
Summary July personal income figures released today show an increase in spending relative to income. This is not good news because the higher spending means savings rates are down and household de-leveraging and spending adjustments are not proceeding. Furthermore, revisions … Continue reading
Personal Income and Consumption
Summary Personal income figures released today are some of the best economic news to come out recently, contrary to what most commentators have claimed. The headlines report that spending and income has stagnated, but the real news is in the … Continue reading