real personal disposable income per capita

Always, Always Income

Just before Christmas 2014, the Bureau of Economic Analysis upgraded Q3 2014 Real GDP to +5.0%. That represented a huge acceleration from earlier that year when during the depths of its Polar Vortex infused winter Q1 2014 GDP had contracted sharply (according to contemporary estimates). One need not be a betting man to hazard a correct guess as to which [...]

Personal Savings Up Meaning No Energy ‘Tax Cut’ Reaches Consumers

By Jeffrey P. Snider|2016-02-02T15:55:11-05:00February 2nd, 2016|Economy, Federal Reserve/Monetary Policy, Markets|

If China and US manufacturing are suffering from what looks like the contours of a slowly progressing recession, we don’t have to go very far to find the genesis. The common denominator is and has been US consumers. That much is evident in very clear fashion through retail sales during the Christmas season that were abysmal. The BEA’s update for [...]

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