This page has been archived and commenting is disabled.
Savings Rate Rises To Highest Since April As Spending, Income Growth Drops
The mid-year bounce is over. Both Personal Income (+0.1% vs +0.2% exp) and Personal Spending (+0.1% vs +0.2% exp) missed expectations and slowed dramatically. This is the weakest spending growth since January and weakest income growth since March driving the savings rate to its highest since April.
Spending and Income slow dramatically...
sending the savings rate lower...
Charts: Bloomberg
»
- 4703 reads
- Printer-friendly version
- Send to friend
- advertisements -
Saving increase highest!!
Which is 0.2 something %!!
Dude, i don't called 0.xxx somethimgg increase dramatically dude.
that bottom chart looks ridiculous. did everyone buy sune with their savings toward the end of 2012?
hell even that wouldn't do it because sun edison is still higher than it was at the end of 2012.
Probably they were forced to buy health insurance under obuttfuckcare. Ignoring that year-end spike, the average over the prior time was about 6%, and after that suddenly just under 5%. That's 1% more of total personal income being stolen under threat of violence to go to Barry's faggotty friends in the health insurance business, or about $150 billion more.
Buzz, folks could not maintain the "foodless" diet after the end of 2012. Grocery costs went throught the roof in this inflationless economy. I am not sure what that is called by the administration but they say its not inflation. Maybe thats what they are calling "hope' or "change".
.
Good point, Buzz!
AND, the slaving public gets a whopping 0.01% interest on that $5 of extra savings. AND, blessing of blessings, the value is so low that they don't have to pay taxes on it. Utopia FOUND!
Don't forget that in Fedspeak paying your maxed out credit card down is 'savings'.
Too bad that savings is used as a measure of things economic problems.
Saving is targeted as unpatriotic, anti-social behavior needing corrective measures and reason for monitoring.
Meanwhile the walking-dead keep injecting cash into thier 401k - the real reason for the rediculus levitation of the global ponzi funding the financial crack-ho's.
"Savings" in this context is only income less consumption. Paying debt back qualifies as savings.
Who needs to save for retirement when Obamacare death panels will take care of you in your old age.
I would shock all three of those rhythms.