by So jobs and paychecks and profits were lost, but gov deficit spending morethan made up for the lost personal income, but spending went down anyway,as personal savings went up. Then personal income fell back some, consumptionincreased some, and savings went down some.The ,200 distribution was a one time event, and the new deficit spendingon unemployment benefits of 0/week just expired, making it all dependenton what Congress does next…
Topics:
WARREN MOSLER considers the following as important: Economic Releases
This could be interesting, too:
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
So jobs and paychecks and profits were lost, but gov deficit spending more
than made up for the lost personal income, but spending went down anyway,
as personal savings went up. Then personal income fell back some, consumption
increased some, and savings went down some.
The $1,200 distribution was a one time event, and the new deficit spending
on unemployment benefits of $600/week just expired, making it all dependent
on what Congress does next…
