Sunday , September 20 2020
Home / Mosler Economics / Personal consumption, personal spending, rig count

Personal consumption, personal spending, rig count

Summary:
Settling down as fiscal transfers subside, but still elevated: Income falling faster than consumption is growing: Real Personal Income less Transfer Payments Transfer payments decreased by billion in July, but were still .7 trillion (on SAAR basis) above the February level. Most of the increase in transfer payments – compared to the level prior to the crisis – is now from unemployment insurance. However, there will be sharp decline in unemployment insurance in August. Oil investment down and still falling a bit:

Topics:
WARREN MOSLER considers the following as important:

This could be interesting, too:

WARREN MOSLER writes Industrial production, Retail sales

WARREN MOSLER writes Unemployment claims, JOLTS

WARREN MOSLER writes Loans, interest margins

WARREN MOSLER writes Options buying, employment

Personal consumption, personal spending, rig count
Settling down as fiscal transfers subside, but still elevated:

Personal consumption, personal spending, rig count

Personal consumption, personal spending, rig count
Income falling faster than consumption is growing:

Personal consumption, personal spending, rig count

Real Personal Income less Transfer Payments

Transfer payments decreased by $70 billion in July, but were still $1.7 trillion (on SAAR basis) above the February level. Most of the increase in transfer payments – compared to the level prior to the crisis – is now from unemployment insurance.

However, there will be sharp decline in unemployment insurance in August.

Oil investment down and still falling a bit:

Personal consumption, personal spending, rig count

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.

Leave a Reply

Your email address will not be published. Required fields are marked *