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12-23-2013, 06:37 PM
From the BEA's whizz on 'ya and claim it's raining department: (http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm)
Personal income increased $30.1 billion, or 0.2 percent, and disposable personal income (DPI) increased $16.2 billion, or 0.1 percent in **vember according to the Bureau of Eco**mic Analysis. Personal consumption expenditures (PCE) increased $63.0 billion, or 0.5 percent. In October, personal income decreased $11.7 billion, or 0.1 percent, DPI decreased $25.6 billion, or 0.2 percent, and PCE increased $44.2 billion, or 0.4 percent, based on revised estimates.
Ah, so let's see, we are spending more than we make (still.) Compounding of this makes that rather dangerous, but **body seems to care.
Never mind that disposable personal income was down in October.
The bad news was found in Proprietor's incomes (down $5 billion) with farmers taking it in the backside and being responsible for all of that (down $12 billion.) **n-farm proprietors saw an increase.
Dividends were up, as was (slightly) transfer payments.
The bad news is that we increased spending almost 4x income advance from all sources on a disposable basis. **t good, with debt paydown and "saving" (combined) dropping a full three tenths to 4.2%. This continues the trend of net-negative movement in this area (numbers under 5% are typically net-negative as the BEA counts paying debts as "saving.")
Prices were basically flat; up less than 0.1% after being down less than 0.1% last month, but most of the flattening was due to energy. Ex-energy and food the trend remained slightly positive.
The market pretty-much saw this release the same way I do; it failed to dent my need for a**ther one of these in what is a holiday-shortened week...
https://hameed.nwar.uk/vb/akcs-www?get_gallery=4806
أكثر... (http://market-ticker.denninger.net/akcs-www?post=227008)
Personal income increased $30.1 billion, or 0.2 percent, and disposable personal income (DPI) increased $16.2 billion, or 0.1 percent in **vember according to the Bureau of Eco**mic Analysis. Personal consumption expenditures (PCE) increased $63.0 billion, or 0.5 percent. In October, personal income decreased $11.7 billion, or 0.1 percent, DPI decreased $25.6 billion, or 0.2 percent, and PCE increased $44.2 billion, or 0.4 percent, based on revised estimates.
Ah, so let's see, we are spending more than we make (still.) Compounding of this makes that rather dangerous, but **body seems to care.
Never mind that disposable personal income was down in October.
The bad news was found in Proprietor's incomes (down $5 billion) with farmers taking it in the backside and being responsible for all of that (down $12 billion.) **n-farm proprietors saw an increase.
Dividends were up, as was (slightly) transfer payments.
The bad news is that we increased spending almost 4x income advance from all sources on a disposable basis. **t good, with debt paydown and "saving" (combined) dropping a full three tenths to 4.2%. This continues the trend of net-negative movement in this area (numbers under 5% are typically net-negative as the BEA counts paying debts as "saving.")
Prices were basically flat; up less than 0.1% after being down less than 0.1% last month, but most of the flattening was due to energy. Ex-energy and food the trend remained slightly positive.
The market pretty-much saw this release the same way I do; it failed to dent my need for a**ther one of these in what is a holiday-shortened week...
https://hameed.nwar.uk/vb/akcs-www?get_gallery=4806
أكثر... (http://market-ticker.denninger.net/akcs-www?post=227008)