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Consumer credit, Truck sales, Covid

Summary:
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 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:

Consumer credit, Truck sales, Covid

Consumer credit, Truck sales, Covid
A few weeks after new cases started moving up deaths may have just begun to follow:

Consumer credit, Truck sales, Covid

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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