Click to enlarge.
It would seem that the low real interest rate environment is finally trickling in.
Click to enlarge.
Source Data:
St. Louis Fed: Real Disposable Personal Income per Civilian Employed
St. Louis Fed: 10-Year Treasury Inflation-Indexed Security
Just one word comes to mind here:
ReplyDeleteTransfer Payments!
Back in the early 60s California sales tax rates were a third what they are now. Disposable doesn't mean what it use to mean.
ReplyDeletemab,
ReplyDeleteReal Personal Transfer Receipts per Civilian Employed (October 2012 Dollars)
The Loch Ness Monster is now capable of flight?
The lock box next exponential monster?
ReplyDeleteWait I don't understand. The 2% payroll break has to expire to help the deficit. But but that 2% goes to FICA and is not part of the budget.
ReplyDeleteOf course that means a nice uptick in purchase of govt bonds driving supply lower dropping interest rates. Oh what a tangled web we weave...
Rob Dawg,
ReplyDeleteBack in the early 60s California sales tax rates were a third what they are now. Disposable doesn't mean what it use to mean.
Win win!
I feel SO much richer now that Costco has raised its prices on garbage bags AND sales taxes have gone up.
Sigh.
Rob Dawg,
ReplyDeleteOh what a tangled web we weave...
No, no, no, don't tug on that. You never know what it might be attached to. - Buckaroo Bonzai
Win win!
ReplyDeleteHey! How did you get a picture of my garage?