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Durable goods, pending home sales, personal income and spending, consumer credit

Summary:
Back to 2018 levels with lots lost during the dip: Still drifting lower: Another round of Federal checks hit last month: The economy is generating less personal income than pre covid and fading: Some of the increased income was saved: Some was spent, but consumption has still not fully recovered: Consumer borrowing to spend has shifted lower:

Topics:
WARREN MOSLER considers the following as important:

This could be interesting, too:

WARREN MOSLER writes Personal income and spending, Architecture billings, Congressional Resolution

WARREN MOSLER writes Mtg apps, durable goods orders, vehicle miles

WARREN MOSLER writes Consumer sentiment, retail sales, industrial production, homebuilder sentiment

WARREN MOSLER writes Housing starts and permits, mortgage purchase apps, LA port traffic

Back to 2018 levels with lots lost during the dip:

Durable goods, pending home sales, personal income and spending, consumer credit

Still drifting lower:

Durable goods, pending home sales, personal income and spending, consumer credit
Another round of Federal checks hit last month:

Durable goods, pending home sales, personal income and spending, consumer credit

Durable goods, pending home sales, personal income and spending, consumer credit
The economy is generating less personal income than pre covid and fading:

Durable goods, pending home sales, personal income and spending, consumer credit
Some of the increased income was saved:

Durable goods, pending home sales, personal income and spending, consumer credit
Some was spent, but consumption has still not fully recovered:

Durable goods, pending home sales, personal income and spending, consumer credit
Consumer borrowing to spend has shifted lower:

Durable goods, pending home sales, personal income and spending, consumer credit

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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