Consumer Spending Update, Savings Update & Other Data

posted by Nima

December 24, 2008 · Posted in General Economics 

Consumption on Non-Durable Goods Down:

Savings Up:

Savings Rate Up, it was obviously unsustainable below 0:

Personal Income Peaking:

All in line with an ongoing consumer credit contraction. All in line with phase 8 of the bunsiness cycle. Be prepared for much worse.

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