Personal Income And Spending Both Lower Than Expected, PCE Deflator Surges, Savings Rate Higher

Tyler Durden's picture

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Yen Cross's picture

 That chart has more room to move. I'm thinking that spike area  before the move Down.

 

    Catch the bounce!

oh_bama's picture

DEFLATOR PRINTED AT 2.5% BUT IT IS INLINE WITH EXPECTATIONS!!

SheepDog-One's picture

They TOTALY expected it, Im sure!

MFL8240's picture

More good news on the anaversary of the "Summer of Recovery" sham!

SheepDog-One's picture

Well maybe they were talking about next summer? Nah, thats not going to happen either. Welcome to 3rd world USA, only gets worse from here on out.

HITMAN56's picture

went to my local Walgreens this AM...piles of plain color and white t-shirts for sale as low as $1.95...checkout girl told me they have been there for 3 weeks and she didnt understand why they havent sold...consumer spending #s now prove why...

Gandalf6900's picture

how many tshirts can one own before the house explodes with tshirts

Jim in MN's picture

See, you have to buy chips with the t-shirts so your size keeps changing.  That's the key.

Gandalf6900's picture

 

thats brilliant

 

+10K

White.Star.Line's picture

These types of charts on "personal" savings and spending are useless. Corporate profits are setting records! Stop watching the icebergs float by and just enjoy the cruise!

oogs66's picture

the ceo's were amazing at how well they predicted the crisis, and then so many were bullish right near the bottom - oops, most were as wrong as the cbns'rs

 

Yen Cross's picture

 I concur! Just having fun.

snowball777's picture

Sure....and cancer is a viable plan for weight-loss too!

Gandalf6900's picture

if you americans would stop buying useless crap this whole consumer driven ponzi skeme would not be sustainable and everything would collapse...but nooooooo, you have to keep on buying shit from 3rd world countries and on and on and on...

Jim in MN's picture

Blame Japan.  Oh by the way, that whole water decontamination thing at the nuclear whatzit?  FAIL.

http://www3.nhk.or.jp/daily/english/27_31.html

TEPCO halts water circulation due to leaks

The operator of the Fukushima Daiichi nuclear power plant has suspended using decontaminated water as a coolant because of leaky pipes.

Tokyo Electric Power Company began circulating recycled water through the No.1, 2 and 3 reactors at 4:20 PM on Monday.

But it halted the operation one and a half hours later after discovering water leaking from the pipes.

TEPCO has been attempting to run the decontamination system since June 14th. It has so far treated about 1,850 tons of the water.

The operator hopes to reduce the levels of radioactive wastewater accumulated at the plant as a result of injecting fresh water into the damaged reactors.

Circulating the decontaminated water around the reactors is considered an important step to stabilize them by mid-July as planned. It will also help prevent the volume of wastewater from increasing.

TEPCO says it will repair the leaks and hopes to resume water circulation soon.

Monday, June 27, 2011 20:40 +0900 (JST)

Gandalf6900's picture

 

I hope to resume a good lifestyle soon but...oooops not happening this year

Yen Cross's picture

  Jim is smart!

 

      {and Jim knows how to delegate!

the not so mighty maximiza's picture

The stuff recoveries are made of.

SheepDog-One's picture

Tough to save when most peoples only income is an ever shrinking check from the govt. Time to admit total *fail* Keynesian central planners.

SheepDog-One's picture

Today Obama will sign a new national directive thru executive order that all americans must buy 1 $8 burrito and 1 $30 GAP t shirt daily. That should fix all these non-spending saver BASTARDS!

gwar5's picture

Little people's savings getting confiscated by the money printers.

sbenard's picture

Not to worry! We have printed prosperity now!

Wall Street has a disease! It's called hubris obliviana!

They are going to make sure that calamity is certainty as contagion becomes common language!

snowball777's picture

Nice "wealth effect", Ben!