Friday August 2, 9:11 am Eastern Time
Reuters Business Report
Consumer Spending Up on Big Income Gain
WASHINGTON (Reuters) - U.S. consumer spending rose solidly in June as income
advanced at the fastest pace in nearly two years on the back of big pay
gains, helping cash registers ring out the
Title: RE: [PEN-L:29042] Big Income Gains? Comment?
short comment: (1) it's a mistake to rely on one month's statistics to judge what's happening, especially when a lot of the other statistics (such as July's employment report) are not looking very good; (2) one thing that happens
Title: RE: [PEN-L:29042] Big Income Gains? Comment?
Right. I didn't think it was a good
thing. Small fodder for the perma-bulls maybe. I thought it was
interesting, and probably tied up with the factor you mention, that the rise in
after-tax income was higher than the general rise in income
