outlays
Personal income and outlays, Corporate profits, Trade, Bank lending, Corporate debt
by WARREN MOSLER Spending was up, but unfortunately due to higher gas prices, which were paid for by further dipping into savings that were already far too low. So looks to me like q2 is off to a very uncertain …
Personal income and outlays, GDP, PMI’s, Philly Fed index, Bank loans, Rail traffic
by WARREN MOSLER Pretty much in line with expectations, but last month’s spending increase means what I think was an unsustainably low savings rate is now even lower. Highlights Personal income rose 0.4 percent in December with wages and salaries up …