Posted on 04/29/2022 6:06:23 AM PDT by blam
Both incomes and spending were expected to rise MoM in March and they did with spending rising 1.1% MoM (almost double the 0.6% rise expected) and outpacing the 0.5% MoM rise in incomes. This is the 6th straight month of rising incomes and 3rd straight month of rising spending…
For the 3rd straight month, the increases in spending outpaced the rise in incomes pushing the savings rate to its lowest since Dec 2013
Source: Bloomberg
Finally, The Fed’s favorite inflation rate – the PCE Deflator – rose by 6.6% YoY (slightly less than the 6.7% YoY expected) but still the highest since Jan 1982 (while the core PCE deflator fell back very modestly from multi-decade highs)…
Source: Bloomberg
No breathing room for The Fed here.
If next quarter is bad, then it will be a recession. And they will call it the Trump Recession. Because reasons.
Buy what you can as soon as you can. Everything is only going to get more expensive over the next couple of years.
“Buy what you can as soon as you can. Everything is only going to get more expensive over the next couple of years.”
Been saying that for the past year, already. Bought a 2021 Ford F150 through a private sale that I could not pass up. We are buying a few new appliances that we need and taking the older ones up to our cabin...which currently has even OLDER models, LOL!
A friend just did major upgrades to her heating, A/C and hot water heat. Bought a new freezer, too. Smart woman!
Can’t help but be SPENDING more - with everything COSTING more! What a bunch of geniuses we have, running this country. NOT!
I posted this the other day. Keep your eye on the Producer Price Index. Major components of our economy are through the roof!
https://www.bls.gov/news.release/ppi.t02.htm
*BUMP*
Biden’s puppet master stooges at their finest fail and repeat.
As always, good advice.
The PPI, these are the price increases you can expect the produers to be passing on to you.
Availability of many items will become increasingly problematic as well IMHO.
I think a lot of people are pushing big ticket item purchases forward due to inflation and availability concerns. While this is a smart thing to do it could actually worsen the recession when it comes along.
This economic mess could all have been avoided with good leadership at the top. Things are getting so bad I’m not sure even Trump could even fix the mess. Even if he gets elected in 24 he’ll have to spend a couple of years just trying to undo Biden’s everything disaster.
Yes, Reagan had to administer some bitter medicine after the Carter years. I think 2025 will be similar.
True, but I don’t think the DC bureaucracy was quite as militant then as it is today. That’s a huge problem. These agencies have been permanently weaponized.
Reagan still had some degree of control over the executive branch in his day. If Trump get’s elected again the Deep State will circle the wagons again. Very ugly times ahead.
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