dpi per capita

No Wonder The Fed’s Desperation To Avoid Admitting the Bunker

By Jeffrey P. Snider|2015-06-01T16:36:29-04:00June 1st, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

Personal spending fell slightly in April, making three of the last five months for declines. Such a sustained slump is actually quite rare, and you have to go back to the Great Recession to find anything like it in recent history. There are a few reasons for this now-accumulated downtrend, but it always starts with income. While personal income has [...]

Don’t Count Your Retail Sales Before Your Customers Get Paid

By Jeffrey P. Snider|2013-12-24T12:58:07-05:00December 24th, 2013|Markets|

As is usually the case, ShopperTrak was cautiously optimistic about holiday retail sales for 2012. In September 2012, the firm estimated total spending growth to be about 3.3% above 2011, with a more modest 2.8% increase Y/Y in foot traffic. By January 2013, it appeared as if total retail sales only grew at a 2.5% rate. That was down from [...]

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