--personal spending is at an all time high and last month's jump was downright healthy!
As usual this kind of stat will be impossible for the living w/ parents comic book set that insists everything is doom'n'gloom, but the rest of us who work for a living understand that there's a lot going on and there are times in life where we need to be ready to accept the good as well as the bad.
People are starting to see the Trump light at the end of the tunnel.
When Trump went over the 1237 mark, I expected to see the financial figures improve. It’s optimism and hope for the future. A shot in the arm.
Doh,perhaps fuel prices?
Happy mid-week investors! Stock indexes ended yesterday mixed in heavier trade as the IBD distribution count falls --the NASDAQ count is too far in the past to matter any more. Things are getting a bit choppy tho and the futures heat map pegs the trend continuing at a flat +0.03%.
Precious metals hang on to their bases w/ gold above its $1,200 and silver atop $16. Still. Futures traders see that sagging now....
LOTS OF REPORTS TODAY!!!!
7:00 AM MBA Mortgage Index
8:15 AM ADP Employment Change
10:00 AM Construction Spending
10:00 AM ISM Index
10:00 AM Construction Spending
10:30 AM Crude Inventories
2:00 PM Auto Sales
2:00 PM Truck Sales
2:00 PM Fed's Beige Book
--and really guys, someone really needs to post some of these:
Socialism Sounds Great Until It Is Unwrapped - Thomas Sowell, Investor's
Guaranteed Income Is a Poor Poverty-Fighting Tool - Eduardo Porter,NYT
Tax Millionaires to Death, They Won't Leave - Jordan Weissmann, Slate
Searching For 'Why' Behind Trump's Problems w/Fed - Judy Shelton, Hill
Uber and Taylor Swift Expose a Fed Without Clothes - Ralph Benko, TAS
A Business Deal? What's Next for Cuba? - Oscar Biscet & Jordan Allot, TWS
Any Real Reform of Wall Street Is Very Doubtful - Darrell Delamaide, USA
Why Stocks Did Better Than You Think in '15 - Simon Constable, TheStreet
Who Is Bearing the Most Risk From Fracking? - Editorial, New York Times
Musk Admits All Dumb Things Tesla's Done - Katie Fehrenbacher, Fortune
Consumer spending is not an improvement in the economy. It bumps the numbers in the present moment while doing nothing for the long term. Consumer saving builds the economy for the long term while not giving the politicians the numbers they like to point at to prove how wonderful they are.
All the leaches got their EITC’s.
-PJ
How much of this is spending on goods that they've been putting off but now have to in order to survive? Is spending on health care included?
The one and only cause!
Mr. Trump!
But y’all know who/what will claim the credit, doncha?????
Not ALL Americans are yet awake!
There is still the enemy within; the AINOs!!!!!
Keep working on the truth, America...
Semper FIDELIS
Dick.Gaines: AMERICAN
*****
Buying guns, ammo, food and prepper supplies to avoid the next round of price increases.
When you say “adjusted for inflation” - be careful not to accept the phony Government figure of between 1 and 2%. After all: Venezuela has excellent consumer spending numbers right now.
Shadowstats (http://www.shadowstats.com/) uses the same official inflation-determination method that was used in 1990. They show an inflation rate of between 4 and 5%.
The Chapwood Index (http://www.chapwoodindex.com/) is an index that captures true cost-of-living increases across America. It is not used as the basis of Government index figures. When we look at their results we can guess why.
The Chapwood Index shows that annual price inflation has been running north of 9% over the last five years. They report inflation as high as 13% in some cities.
Chapwood simply track the changes in prices of 500 commonly purchased items. They publish their methodology on their website.
The official CPI figures are completely, utterly wrong. If any of you are wondering why you’re so damn poor while “inflation is less than 2%” then there’s your answer.
Do they adjust for inflation? Real inflation?
Complete and utter B.S.
Tax refunds were delayed this year by 2 to 3 weeks or more. Tax refunds sent out in bulk on same day or by electronic check to bank. Those that receive EIC refund up 5% Most EIC refunds are multiple thousands of dollars. Those who work and are paying taxes usually don’t get a big refund and are paying their taxes tweeked to their W-2 and don’t get big refunds. More people receiving more in tax refunds than their taxes paid. If you are working less than 35 hrs a week and have kids, there is a good chance you will receive EIC above taxes paid.
We’re doomed. Inflation is 30%, according to Shadowstats . . . and I want to believe.
It could also be a reflection of how many Americans are carrying so much debt that they think bankruptcy is inevitable, so they’re maxing out their credit cards, which they know they’ll never have to pay them off.
Of course it’s all going on plastic.
How is consumer debt doing?
It was me. I bought another gun, some ammo, a case of canned baked beans, new boots and new tires for the bug-out truck. ;)
We are in a buy it NOW before the price goes up or you can’t get it mode.