May Personal Income & Spending
Personal Income May +1.9% vs +0.3% Full Report
Inside the number: Real DPI in chained 2000 dollars; +5.3% vs +0.1%; on "economic stimulus" rebate checks.
Real DPI in chained 2000 dollars ex rebate checks: +0.4% vs +0.2%.
Personal Spending May current dollars: +0.8% vs +0.4%; Real PCE in chained 2000 dollars +0.4% vs +0.2%.
Showing that John Q is not spending on anything but essentials...
Table 5; in current dollars monthly % change: PCE durable goods -0.2% vs -0.3%.
Again proving empirically that stagflation is double digit: from the same table...
PCE non durable goods +1.2% vs +0.7% vs +1.1%; 1.2 x 12 = 14.4% annual stagflation.
We gently repeat one of our mantras: ANYONE claiming inflation is under double digits is either a paid liar, a fool or both.
Inside the number: Real DPI in chained 2000 dollars; +5.3% vs +0.1%; on "economic stimulus" rebate checks.
Real DPI in chained 2000 dollars ex rebate checks: +0.4% vs +0.2%.
Personal Spending May current dollars: +0.8% vs +0.4%; Real PCE in chained 2000 dollars +0.4% vs +0.2%.
Showing that John Q is not spending on anything but essentials...
Table 5; in current dollars monthly % change: PCE durable goods -0.2% vs -0.3%.
Again proving empirically that stagflation is double digit: from the same table...
PCE non durable goods +1.2% vs +0.7% vs +1.1%; 1.2 x 12 = 14.4% annual stagflation.
We gently repeat one of our mantras: ANYONE claiming inflation is under double digits is either a paid liar, a fool or both.
Comments