by Consumer borrowing to spend is a component of private sector deficit spending that offsets unspent income to support GDP which is sales/income. Consumer borrowing is also ‘dissaving’ so a drop in borrowing is recorded as an increase in savings. The open question is to what degree the fiscal adjustment/increase in public sector deficit spending is offsetting the drop in private sector deficit spending: A few weeks after new cases started moving up deaths may have just begun to follow:
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WARREN MOSLER considers the following as important: Economic Releases
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WARREN MOSLER writes Consumer sentiment, real retail sales, industrial production, wages
WARREN MOSLER writes New manufacturers orders, vehicle sales, unemployment claims, rents, oil prices
WARREN MOSLER writes Saudi price hike, private payrolls, new hires, corporate profits
WARREN MOSLER writes Pending home sales, Durable goods orders, oil rigs and production
Consumer borrowing to spend is a component of private sector deficit spending that offsets unspent income to support GDP which is sales/income. Consumer borrowing is also ‘dissaving’ so a drop in borrowing is recorded as an increase in savings. The open question is to what degree the fiscal adjustment/increase in public sector deficit spending is offsetting the drop in private sector deficit spending:
A few weeks after new cases started moving up deaths may have just begun to follow:
