All of this Morning’s ‘Growth’ in Incomes Came from Transfer Payments
August 29, 2011 at 11:23 AM EDT
Personal incomes rose 0.3% in this morning’s income and spending data. The savings rate drop 0.5%, but there is quite a nugget that Dan Greenhaus of BTIG found in the spending data. If not for government transfers there would be no income growth at all. This is really no surprise for FMMF readers as we [...]
