by 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:
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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
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 $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:
