Retail Sales Slowing In Every Segment
This morning’s retail sales figure from the Census Bureau shows a Y/Y increase (unadjusted) of only 1.79%. That is the second worst month since the recovery took hold in later 2009. The worst month was actually last month, which means the current condition in retail trade is, by far, the worst two months since the .. read more
Economic Report: Personal Income/Spending
According to the Bureau of Economic Analysis and its monthly report on Personal Income and Outlays, in the last month, US consumers have become more proactive; saving alot, earning more, spending some, and wasting less. After adjusting for a 0.2% increase in prices, real consumer spending actually increased 0.4% for the month of January, the largest increase since November .. read more
Stimulus Package Details
Updated: 2/14 Feb. 12 – Details of the final version of the stimulus package have been released. The final price tag would come out to about $789 billion, broken down to roughly $282 billion in tax changes (I will not call them tax cuts because most of them aren’t) and $507 billion in spending. What .. read more
Personal Income/Spending Report
According to the Bureau of Economic Analysis and its monthly report on Personal Income/Spending, in the past few months, US consumers have cut back on big-ticket purchases and expenses and started saving for a change. Nominal consumer spending decreased 0.3% for the month of September, after a flat August. This was inline with economists estimates, as a loss was .. read more
