2 ms·
> Consumer spending has gone down. Too many dollars cannot be the problem if they aren't being spent! Source? This is what I could find: Personal Consumptio
by bko 5y ago
> Consumer spending has gone down. Too many dollars cannot be the problem if they aren't being spent!
Source?
This is what I could find: Personal Consumption Expenditures
Also savings rate has gone back down after a spike that coincided with stimulus payments
https://fred.stlouisfed.org/series/PCE https://fred.stlouisfed.org/series/PCE
https://fred.stlouisfed.org/series/PSAVERT https://fred.stlouisfed.org/series/PSAVERT
- Ericson2314 5y agohttps://twitter.com/M_C_Klein/status/1480538926398029824 https://twitter.com/M_C_Klein/status/1480538926398029824 See clarification tweet that this is about cumulative spending not the current rate of spending. That makes sense since my argument was about total profits vs profit rate and similar. Now it could catch up, or Omicron could blow over and we continue fixing supply chain issues. The traffic jam is just the echo of the initial accident, remember.