by 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: 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
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 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:
