For the first time in 4 years the overall debt of US households rose on a year-over-year basis. Consumer deleveraging seems to be finally slowing.
Tag Archive for Consumer Spending
Contributors- Economic and Financial, Must Read, Taken Down
Growth rates in consumer spending and income diverge – Sober Look
by Sober Look • • 0 Comments
Consumer spending in the US accelerated in November, boosting projections for the GDP growth in the fourth quarter. While incomes grew as well, the rate of increases from the same period last year has slowed. With confidence improving, consumers have i…
Contributors- Economic and Financial, Must Read, Taken Down
US consumer under constant uncertainty assault – Sober Look
by Sober Look • • 0 Comments
One can list numerous reasons for tepid economic expansion in the US. One explanation is that the US households and businesses are relentlessly bombarded with issues that generate uncertainty. Many of these issues carry the so-called economic “tail ris…
Contributors- Economic and Financial, Must Read, Taken Down
4 indicators signal that US economic growth is off to a weak start for the quarter – Sober Look
by Sober Look • • 0 Comments
This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. Those hoping for the US economy to accelerate in the second half – and many economists made that call early in the year – will be disappointed. While employment metrics seem to show steady improvements, putting the Fed…
Contributors- Economic and Financial, Must Read, Taken Down
Watch gasoline futures prices – Sober Look
by Sober Look • • 0 Comments
US fuel prices continue to rise. August NYMEX gasoline futures price cleared $3/gal a couple of days ago and is now at the highest level for 2013.
Contributors- Economic and Financial, Must Read, Taken Down
Weak income growth holding back consumer spending- Sober Look
by Sober Look • • 0 Comments
As discussed previously, economists maintain that in spite of the slowdown in manufacturing, the US consumer should provide the necessary lift to improve growth. According to the theory, with consumer confidence improving, the spending should follow. B…
Contributors- Economic and Financial, Must Read, Taken Down
Once again, the US consumer is expected to save the day – Sober Look
by Sober Look • • 0 Comments
The “seasonal” manufacturing activity slowdown in the US (discussed here) has arrived on schedule. It is visible not just in the Markit PMI measure (below), but across other national and regional indicators as well.
Contributors- Economic and Financial, Must Read, Taken Down
Americans face more bad news at the gas pump- Sober Look
by Walter Kurtz • • 0 Comments
This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. As gasoline prices rise above $5/gallon in LA (see video below), analysts are puzzled. Gasoline prices have been on the rise for the past 31 days, which is highly unusual for this time of the year. Typically prices…
Contributors- Economic and Financial, Must Read, Taken Down
US consumer spending has been surprisingly brisk
by Walter Kurtz • • 0 Comments
US consumer confidence (discussed here) may end up being somewhat better than initially thought. The sentiment figures from the University of Michigan (as opposed to the Conference Board measure) actually improved in August, though remain below th…
Economics, Lee's Free Thinking
Fed Beige Book Gives No Excuse for Ben To Print
by Lee Adler • • 0 Comments
Here’s the bulk of the Fed’s press release with my comments and bolded sections. Reports from the twelve Federal Reserve Districts suggest overall economic activity expanded at a moderate pace during the reporting period from early April to late May. Activity in the New York, Cleveland, Atlanta, Chicago, Kansas City, Dallas, and San Francisco Districts…
