Menu Close
Posted in Other Guys

US Personal Savings Rate Falls To -24% YoY In June (Revision Wipes Out $226 Billion In Savings)

This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.

On  top of today’s news that inflation (as measured by Core PCE Price Growth) is flat at 1.5% YoY, the same BEA report shows that the Personal Savings Rate in the USA fell to -24% YoY.

Now The Balance Begins To Shift

The balance between QE and Treasury supply will begin to shift in July. The underlying bid it has provided for stocks and Treasuries will begin to fade.

This report tells why, and what to look for in the data and the markets.  GO TO THE POST


At least Personal Income growth is 2.6% YoY.

Bear in mind that the estimates released today reflect the results of the annual update of the national income and product accounts (NIPAs) in conjunction with preliminary estimates for June 2017. The update covers the most recent 3 years and the first 5 months
of 2017.

This revision to savings just wiped out $226 billion.


And like that, personal savings was gone.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

Related Posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.