Heterodox
[unable to retrieve full-text content] – by New Deal democrat There were two important points in this morning’s personal income and spending report for January. The first is that there appears to be some unresolved seasonality at work. The second is that nevertheless both were weaker than one year ago. Nominally personal income rose 0.9%, while spending declined -0.2%. Since […] The post January income and spending show unresolved seasonality in a typical late cycle...
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