The U.S. consumer is still far overleveraged compared to history. This must improve for a strong consumer comeback.
Tag Archives: consumption
Savings, Work, Keynes and Policy Realism
Some things are truths, supported by facts. When facts and beliefs are in conflict, which should win? The answer is at the heart of our inability to solve problems.
China: Continued Attempts to Grow through Investment Likely
China’s GDP growth rates in 2011 will be likely continue to be strong as high investment continues. By the end of the year there will be much more concern about rebalancing processes.
Personal Income Declines in September
Personal income appears is nearly flat over the past four months but personal consumption has continued to rise. Transfer payments have declined for the first time in a year.