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Personal income and consumption

Summary:
This shows the dependence on federal deficit spending to sustain incomes; Real personal consumption has collapsed-and particularly for services- far more than in 2008/09 even with the increasein personal income from the stimulus checks and enhanced unemployment compensation. A large part of the reasonis that it isn’t safe to go to work and those services simply aren’t available. A financial crisis has been averted, butnot an economic collapse:

Topics:
WARREN MOSLER considers the following as important:

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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

This shows the dependence on federal deficit spending to sustain incomes;

Personal income and consumption

Real personal consumption has collapsed-and particularly for services- far more than in 2008/09 even with the increase
in personal income from the stimulus checks and enhanced unemployment compensation. A large part of the reason
is that it isn’t safe to go to work and those services simply aren’t available. A financial crisis has been averted, but
not an economic collapse:

Personal income and consumption

Personal income and consumption

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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