[1]We may not know much about "Keynesian economics" (and neither does anyone else: they just plug and pray, literally), but we know one thing: when real disposable personal income drops by 0.2% from a month earlier, and plummets by 2.7% from a year ago, the biggest collapse since the semi-depression in 1974, something is wrong with the US consumer.
[4]
And longer-term chart:
[5]
Source: BEA [6]
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10570
[3] http://www.zerohedge.com/taxonomy_vtn/term/9582
[4] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/01-overflow/Real%20Disposable%20Income%20ST.jpg
[5] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/01-overflow/Real%20Disposable%20Income%20LT.jpg
[6] http://research.stlouisfed.org/fred2/series/DSPIC96