http://www.briefing.com/Silver/Calendars/EconomicReleases/income.htm
Note the direction of spending and income,where spending/consumption tends to follow income,Y/Y showing declining trend. Data revised DOWNWARD previous report.
Also note the historical LOWS in SAVINGS RATE, this I find VERY disturbing but telling. Can we then conclude the economy is being supported by nothingmore than credit/debt?
POWERFUL is an economy supported by strong savings and investment based of such.
D
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