Heterodox
– by New Deal democrat On Friday I highlighted the sharp positive revision to the personal saving rate. That was a byproduct of a similar sharply higher revision to real personal income over the past two years. Here is what those revisions, to real personal disposable income, look like: Instead of being up 6.8% since just before the pandemic, real disposable income is up 10.6%. A historical look at the most salient economic indicators...
Read More »The real nowcast for the economy as of the end of Q3
