{"id":1635,"date":"2011-10-28T21:45:07","date_gmt":"2011-10-29T01:45:07","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=1635"},"modified":"2011-10-28T21:45:07","modified_gmt":"2011-10-29T01:45:07","slug":"income-excluding-government-transfers-drops-again-real-time-economics-wsj","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/28\/income-excluding-government-transfers-drops-again-real-time-economics-wsj\/","title":{"rendered":"Income Excluding Government Transfers Drops Again – Real Time Economics – WSJ"},"content":{"rendered":"

Friday\u2019s Commerce Department report shows that personal income indicator has declined for three consecutive months \u2014 at a 2% annual rate. In the past, such steep drops in that category have been followed, three-quarters of the time, by a recession, according to Mr. Rosenberg\u2019s [David Rosenberg<\/strong> of Gluskin Sheff & Associates<\/strong> Inc.] research. So while consumers boosted spending in the third quarter, they pulled it off by dipping into their savings and spending government dollars, not by earning more money at work. Mr. Rosenberg says stagnant wages, plunging consumer confidence, and low expectations for wage growth are a recipe for a dramatic drop in consumer spending in coming months.<\/p>\n

via Income Excluding Government Transfers Drops Again – Real Time Economics – WSJ<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Friday\u2019s Commerce Department report shows that personal income indicator has declined for three consecutive months \u2014 at a 2% annual rate. In the past, such steep drops in that category have been followed, three-quarters of the time, by a recession, according to Mr. Rosenberg\u2019s [David Rosenberg of Gluskin Sheff & Associates Inc.] research. So while … <\/p>\n

Continue reading “Income Excluding Government Transfers Drops Again – Real Time Economics – WSJ”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[34],"tags":[799,2647,2880],"class_list":["post-1635","post","type-post","status-publish","format-standard","hentry","category-us-canada-countries-regions","tag-consumer-spending","tag-personal-income","tag-recession"],"yoast_head":"\nIncome Excluding Government Transfers Drops Again - Real Time Economics - WSJ - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Income Excluding Government Transfers Drops Again - Real Time Economics - WSJ - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Friday\u2019s Commerce Department report shows that personal income indicator has declined for three consecutive months \u2014 at a 2% annual rate. 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Actual values (in gray on the graph below) show sales of $545 billion, still well above the $481 billion in July last year and $460 billion in February, prior to the pandemic. Retail sales excluding motor vehicles and\u2026","rel":"","context":"In "Deficit Spending & Employment"","block_context":{"text":"Deficit Spending & Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42078,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/05\/17\/strong-retail-sales-and-improving-consumer-outlook\/","url_meta":{"origin":1635,"position":1},"title":"Strong retail sales and improving consumer outlook","author":"Colin Twiggs","date":"May 17, 2023","format":false,"excerpt":"Strong real retail sales in the US, with inflation-adjusted monthly sales holding above the pre-pandemic trend (dotted line). 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Many companies are struggling to fill vacancies as enhanced unemployment benefits, ongoing child care responsibilities and pandemic safety concerns\u2026","rel":"","context":"In "Deficit Spending & Employment"","block_context":{"text":"Deficit Spending & Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52731,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/05\/13\/us-consumer-incomes-and-credit-card-debt\/","url_meta":{"origin":1635,"position":4},"title":"US consumer incomes and credit card debt","author":"Colin Twiggs","date":"May 13, 2024","format":false,"excerpt":"Many market commentators talk about the struggling US consumer, with rising costs forcing them to take on expensive debt, but this is not borne out by the data. Real disposable personal income per capita (blue below) reached $50.4K in March, compared to the pre-pandemic peak of $48K in Feb 2020.\u2026","rel":"","context":"In "Debt Levels"","block_context":{"text":"Debt Levels","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/debt-levels\/"},"img":{"alt_text":"Real Disposable Personal Income Per Capita & Government Transfers","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-05-12-realdspi-percapita.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-05-12-realdspi-percapita.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-05-12-realdspi-percapita.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":31539,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/03\/17\/retail-spending-steady-but-real-incomes-fall\/","url_meta":{"origin":1635,"position":5},"title":"Retail spending steady but real incomes fall","author":"Colin Twiggs","date":"March 17, 2022","format":false,"excerpt":"Retail sales for February are still considerably above their long-term trend (dotted line) even when adjusted for inflation (CPI). Above-trend demand -- in addition to supply chain shortages -- adds to inflationary pressure. Real disposable personal income is falling below trend (dotted line) as government transfers decline. After a sharp\u2026","rel":"","context":"In "GDP and Activity"","block_context":{"text":"GDP and Activity","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/gdp-and-activity\/"},"img":{"alt_text":"Retail Sales\/CPI","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-03-16-retail-cpi.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-03-16-retail-cpi.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-03-16-retail-cpi.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-03-16-retail-cpi.png?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=1635"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1635\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=1635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=1635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=1635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}