March 29th, 2010 by Belisarius
Personal income was flat in February vs. the +0.1 consensus and January reading of also +0.1%. Consumer spending for February came out at consensus of 0.3%; the prior reading was 0.5%. Anemic figures. Chart 1. U.S. Personal Income Chart 2. U.S. Consumer Spending
Read More
March 1st, 2010 by Belisarius
Almost every piece of data is on consensus. Slow growth in income and outlays; savings falling. The rates are small, too small to make a needed difference in consumer spending. Chart 1. Personal Income Chart 2. Personal Outlays Chart 3. Personal Savings % Of Disposable Personal Income
Read More
February 2nd, 2010 by Belisarius
The markets managed to find new strength to escape negative sentiment from the last week. It looks that the S&P 500 support was broken for just one afternoon and that could prove to fuel further short term gains. No major economic data today, so just a short look at yesterdays. The big news was ISM […]
Read More
November 25th, 2009 by Belisarius
The day was filled with economic data . No clear conviction from the markets. Let’s start. Durable goods orders surprised to the downside falling 0.6% vs. positive 0.5% consensus and 1% rise (all MoM) in September. Ex-transportation orders came at -1.3% vs. 0.8% (all MoM) in September. Personal income and outlays data, on the other […]
Read More