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Category Archives: Personal Income and Consumption
US Consumers Keep Spending Despite Reduced Pay
by Warren Mosler This article was originally published by Mosler Economics (Apr. 29, 2013) This is the current thinking, but the pieces don’t add up? Hoping I’m being too negative here… Comments below:
Country Income Shares in PPP
by Jayati Ghosh, Triplecrisis.com The UNDP’s latest Human Development Report 2013 (entitled “The rise of the South”) has one particularly striking chart that it uses to make the point about the recent growing economic significance of some “emerging” nations. In … Continue reading
Posted in China, GDP, India, International Economic data, Personal Income and Consumption
Tagged Brazil, China, consumer confidence, Economy, GDP, global gdp, India, Jayati Ghosh, ppp
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Payrolls Gain But QE Has No Impact On Growth Rate
by Lee Adler, Wall Street Examiner The BLS today reported a seasonally adjusted (SA) gain of 165,000 in April nonfarm payrolls, beating the consensus estimates of 140,000 to 155,000 from surveys of economists by mainstream media organizations. Surprise, surprise (not) … Continue reading
Posted in Employment, Federal Reserve, GDP, Personal Income and Consumption, Taxation, macroeconomics
Tagged BLS, Economy, employment, energy, Federal Reserve, GDP, Lee Adler, recession, recovery, unemployment
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March 2013 Real Personal Expenditures Rise Weakly But Above Expectations
Written by Steven Hansen March 2013 Real Personal Consumption Expenditure (PCE) – now has gained for five straight months. Real Disposable Personal Income (DPI) rose weakly. The market looks at current values (not real inflation adjusted) and was expecting a … Continue reading
Hume on Microfoundations of Macroeconomics
by Dirk Ehnts, Econoblog101 So-called micro-foundations of macroeconomic models means that agents in the model always use some sort of optimization given the state of variables in the economy. A case in point is the consumption function. Keynesian normally say … Continue reading
Posted in Economics, Personal Income and Consumption, macroeconomics
Tagged Dirk Ehnts, Economy, employment, Federal Reserve, GDP, inflation, unemployment
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Reflation and Expenditure Switching in a Two Speed World
by Menzie Chinn, Econbrowser.com This appeared originally at Econbrowser, 25 March 2013. Illustration above added by Econintersect. Chairman Bernanke says it all From a speech today by Fed Chair Ben Bernanke, at the LSE:
February 2013 Real Personal Expenditures Clouded by Low Inflation Figures
Written by Steven Hansen February 2013 Real Personal Consumption Expenditure (PCE) – now has gained for four straight months. Real Disposable Personal Income (DPI) rose weakly following last month’s major decline. The market looks at current values (not real inflation … Continue reading
The Real Economic Implications of Our Senior Entitlements Challenge
by Paul Kasriel, The Econtrarian Economics is art masquerading as science. Demographics is not only science, but destiny. Chart 1 shows the changing demographics of America. It shows the rising trend in the proportion of senior “takers” in America. Back … Continue reading
Posted in Government, Health Care, Retirement
Tagged consumer confidence, Economy, Federal Reserve, GDP, Paul Kasriel
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January 2013 Real Personal Income Disappoints
Written by Steven Hansen January 2013 Real Personal Consumption Expenditure (PCE) – now has gained for three straight months. Real Disposable Personal Income (DPI) fell significantly wiping out months of gains. The market looks at current values (not real inflation … Continue reading
Another Strong Improvement: December 2012 Real Personal Income / Expenditure
Written by Steven Hansen December 2012 Real Personal Consumption Expenditure (PCE) – rose marginally after last months strong gain. Real Disposable Personal Income (DPI) rose strongly for the second month in a row. The market looks at current values (not … Continue reading
November 2012 Real Personal Income / Expenditure Remove Recession Clouds
Written by Steven Hansen November 2012 Real Personal Consumption Expenditure (PCE) – rose significantly, more than making up for last month’s decline. Real Disposable Personal Income (DPI) also gained big. For recession watcher’s, the July peak was exceeded in disposable … Continue reading
October 2012 Real Personal Income and Expenditure Contracts
Written by Steven Hansen October 2012 Real Personal Consumption Expenditure (PCE) – the inflation adjusted spending of consumers – fell reversing most of last month’s gain. Real Disposable Personal Income (DPI) which has risen most of 2012, was also fell. … Continue reading
September 2012 Real Personal Income Is Unchanged
Written by Steven Hansen September 2012 Real Personal Consumption Expenditure (PCE) – the inflation adjusted spending of consumers – grew for the third month. Real Disposable Personal Income (DPI) which has risen most of 2012, was unchanged following last month’s … Continue reading
Conflicting Consumer Data
by Rick Davis, Consumer Metrics Institute At the Consumer Metrics Institute our mission has been to analyze changes in on-line consumer behavior for early signals about the macro-economic health of the United States. So it makes sense that we are … Continue reading
Who is Confused: Consumers or Consumer Observers?
Written by Gene Balas Most of the time, consumers of economic data look at broad indicators to determine a basic question: “is economy activity growing or contracting?” Based on the answer to this question, investors may alter their asset allocation … Continue reading
The Week That Was, 29 September 2012
by Stephen Swanson We enjoyed a week very rich in US economic data releases covering most sectors of the economy including final revisions to estimates for second quarter growth in GDP and readings on industrial production, business investment, residential investment, … Continue reading
August 2012 Real Personal Income Contracting – Recession Marker?
Written by Steven Hansen August 2012 Real Personal Consumption Expenditure (PCE) – the inflation adjusted spending of consumers – grew for the second month. Real Disposable Personal Income (DPI) which has risen most of 2012, contracted. There was a general … Continue reading
America’s Discouraging Income Story
Written by Doug Short, Advisor Perspectives Last week the Census Bureau has released the household income data for 2011. It is posted on the Census Bureau website. What I’m featuring in this update is an analysis of the quintile breakdown … Continue reading
July 2012 Real Personal Consumption Strong, No Recession
Written by Steven Hansen July 2012 Real Personal Consumption Expenditure (PCE) – the inflation adjusted spending of consumers – grew strongly more than offsetting last month’s contraction. Disposable Personal Income (DPI) has now risen most of 2012, and also grew … Continue reading
