Revisions to PCE and Income… Nasty
August 04, 2009 at 09:21 AM EDT
Personal income dropped to the lowest point in four years according to reports. This is in advance of the retials sales release later this week. How will consumers spend if there are less jobs now and lower income? Add to this that the personal savings rate is growing exponentially and we may be seeing a top [...] Related posts: Economic Data: Good News or Bad News? Employment Report - MUCH WORSE than reported TrimTabs vs. ADP (different stories)