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Expected Household Spending Tanks (Dude, Where’s Our Recovery?)

This is a syndicated repost courtesy of Confounded Interest - Online Course Notes For Financial Markets. To view original, click here. Reposted with permission.

According to the New York Federal Reserve, expectations for household spending just tanked.

Liquidity moves markets!

Follow the money. Find the profits! 

fedexpexp

At the same time, Fed Vice Chair Stanley Fischer and Atlanta Fed’s Dennis Lockhart are warning that an interest rate increase is imminent because the US is at (or near) full employment and economic growth is “solid.”

Yes, I see. U6 UNDERemployment is now the same as the worst reading during the last decade while both average wage growth and real median household income are lower.

wageu6

So dudes, where’s our recovery?

ZOLTAN!

cult

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