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Eh, what’s so good about this? Personal income increased $30.0 billion, or 0.2 percent, and disposable personal income (DPI) increased $17.6 billion, or 0.2 percent, in July, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $44.1 billion, or 0.4 percent. In June, personal income decreased $2.7 billion, or less than 0.1 percent, DPI decreased . . . → Read More: The Market Ticker – Personal Income And Spending July US Personal Income comes in at 0.2%, on expectations of 0.3%, and a previous print of 0.0%. Yet making less money does not prevent consumer from purchasing (i.e., not paying their mortgages), coming in at 0.4%, higher than expectations of 0.3% (previous 0.0% as well). And it appears consumers may have jumped the shark on . . . → Read More: Personal Income Comes At 0.2%, Below Expectations; Spending Greater Then Expected; Savings Rate Declines Today the DOW has crossed the 10K line for the umpteenth time (at least 3 times in the past 3 days alone depending on how you count), smack on the heels of “fantastic news” that second quarter GDP was 1.6%. For a change, economists were a bit too pessimistic but to get to that point, their estimates . . . → Read More: Market Cheers 1.6% Growth; Treasuries Hammered; What’s Next? As investors search for yield anywhere and everywhere, bonds are trading in uncharted territory. Please consider Obama Wins Low Yield as Markets Shrink Aiding Deficit Shrinking credit markets . . . → Read More: Corporate bonds, Municipal Bonds, Treasuries at Record Low Yields; Is this a "Fool’s Game"? Inquiring minds are digging into the BEA report Personal Income and Outlays, June 2010 Personal income increased $3.0 billion, or less than 0.1 percent, and disposable personal income (DPI) increased $5.1 billion, or less than 0.1 percent, in June, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $2.9 billion, or less than . . . → Read More: Personal Income Flat, Private Wages and Salaries Decline in June; Is Consumer Spending 70% of GDP? Checkmark Recovery Revisited Gee, you think? Personal income increased $3.0 billion, or less than 0.1 percent, and disposable personal income (DPI) increased $5.1 billion, or less than 0.1 percent, in June, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $2.9 billion, or less than 0.1 percent. Uh huh. Nothing. A goose. Nada. Nil. Zilch. Zip. Why? Private . . . → Read More: A Tale Of Two Goose Eggs (Income and Spend) “Here it comes”…… LiesMan on CNBS is spooging himself with “wow”s. Well, the futures disagree. And so do I. Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 2.4 percent in the second quarter of 2010, (that is, from the . . . → Read More: GDP Report: Liar Liar Pants On Fire Heh heh heh…. Snippets this time, since I’m vacation…. The economic expansion that began in the middle of last year is proceeding at a moderate pace, supported by stimulative monetary and fiscal policies. Although fiscal policy and inventory restocking will likely be providing less impetus to the recovery than they have in recent quarters, rising demand from households . . . → Read More: Why The (Obvious) Discomfort Ben? The BEA’s May Personal Income and Spending data is out – as expected, with gizmos like the iPad out there, Americans once again outspent themselves: May Income came in at 0.4%, below expectations of 0.5%, flat with a revised April reading of 0.5%; Spending on the other hand was greater than expectations of 0.1%, coming in . . . → Read More: Savings Rate Climbs To 4%, Highest Since September 2009, Even As Spending And Income Both Miss Expectations Say that a hundred times quickly! Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 2.7 percent in the first quarter of 2010, (that is, from the fourth quarter to the first quarter), according to the “third” estimate . . . → Read More: GDP First Qtr Third Estimate |
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