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Errol

Us Personal Income Has Taken Its Worst Annual Decline Since 1950

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Jesse's Café Américain

2009 research.stlouisfed.org

Okay cool so the st loius fed, who i reckon we trust, for anyone visually impaired like myself the graph is of personal income growth, not personal income although obviously the two are linked.

It would be nice to see the figures from the early 90's / early 80's to see if they also went negative.

<<edit could i recommend you link to the bigger version of the graph errol old boy>>

Edited by slurms mackenzie

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Clear proof, if proof were needed, of a recovery:

PersonalIncome.png

Until this problem is solved (and I can't see any ready solution), every other commentary about the economy is irrelevant.

Simples.

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Until this problem is solved (and I can't see any ready solution), every other commentary about the economy is irrelevant.

Simples.

You could argue, if (and it's a kirsty 4rse sized if) public / govt consumption could take the place of personal consumption then overall growth isn't a problem.

What we'll be seeing happening at the moment is public consumption filling the void, hence a decent chance the US will come out of recession soon.

I doubt this is sustainable.

Load up the swizzle sticks i can taste the double dip already.

Edited by slurms mackenzie

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You could argue, if (and it's a kirsty 4rse sized if) public / govt consumption could take the place of personal consumption then overall growth isn't a problem.

What we'll be seeing happening at the moment is public consumption filling the void, hence a decent chance the US will come out of recession soon.

I doubt this is sustainable.

Load up the swizzle sticks i can taste the double dip already.

I think that I am with you on this one.

In the short term, governments and their allies can interfere with markets.

In the long run, they will be overwhelmed.

My guess is that governments and their allies at at their absolute peak in terms of persuading markets right now but that they will be overwhlmed in the next 9 to 18 months.

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You could argue, if (and it's a kirsty 4rse sized if) public / govt consumption could take the place of personal consumption then overall growth isn't a problem.

What we'll be seeing happening at the moment is public consumption filling the void, hence a decent chance the US will come out of recession soon.

I doubt this is sustainable.

Load up the swizzle sticks i can taste the double dip already.

But surely if public consumption was filling the void (ie. buying goods and services and therefore creating/preserving jobs) then incomes wouldn't be negative? Perhaps it's half-filling the void and growth would be -5% otherwise, but it certainly isn't replacing private consumption.

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Guest sillybear2

Personal Income? Who needs that when you can charge to the card and MEW.

Debt is wealth, silly.

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