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October 31, 2014
Halloween Fright Fest: Real Disposable Personal Income per Capita (Musical Tribute)
Click to enlarge.
As we head into the Christmas season, what's the worst that could happen?
Something bad definitely happened, although I doubt many noticed. Here is the new revised chart with one more month of data and a few bonus surprises (seen in blue) for the optimists.
Click to enlarge.
6 months of data has apparently been downwardly revised. I probably wouldn't have noticed had I not just done this chart last month. The data in blue shows the revisions. That's certainly one interesting way for the parabolic trend in red to fail. I did not see that coming, but then again, who could? Is it any wonder the typical investor and/or financial expert cannot spot a recession happening real-time?
Even though the data has been revised, I think I'll double down on my original commentary and go with the same musical tribute! Stick with what works I say!
As we head into the Christmas season, what's the worst that could happen?
And on that note, Happy Thanksgiving everyone!
It's a time to be thankful for all we have left! Um, I mean, thanks to the Fed permanently putting a stop to all future recessions, nothing bad can ever happen again! We therefore have an infinite number of reasons to be thankful! We have a thankful economy, with creativity and thankfulness! Thank you! Thank you! Thank you! Long-term thankfulness and prosperity and turkey and sarcasm, baby. That's what I'm talking about.
In all seriousness, Happy Thanksgiving. Hope everyone has a very pleasant day and can be as thankful as I really am. I am truly thankful that I was born when and where I was. That's just luck, pure and simple. I am most thankful for ample food, water, shelter, clothing, health, and preferably a hot bath or shower each day. Anything more than that is just a bonus to me, for it really is all I should ever need to be happy.
Source Data:
St. Louis Fed: Custom Chart
7 comments:
Disposable personal income is it? Do you know what doesn't subtract from disposable personal income? Insurance.
Rob Dawg,
But... but... if the top 1% earn 100% more then on average everyone earns 1% more!
See? It all balances out!
Per capita prosperity, baby. That's what I'm talking about!
In all seriousness, I totally understand why you'd like to take a baseball bat to the per capita piñata, and neither of us believes it is filled with delicious candy surprises.
That said, when all we are given is lemonade data, I try to extract the lemons, lol. Sigh.
Disposable personal income is it? Do you know what doesn't subtract from disposable personal income? Insurance.
Rob Dawg,
I've charted disposable income without the insurance component. I've also charted disposable income without insurance and retirement $$$. The data is a bit stale but you get the picture.
Personal Current Account Deficit
Greenspan and Bernanke's financial manipulations have a big Ponzi element imo.
Happy Thanksgiving to all this fun and insightful blog!
Somehow I screwed up the link above. I seem to do it everytime!
http://angrysavers.blogspot.com/2013/06/personal-current-account-deficit.html
Angry Saver,
Happy Thanksgiving!
Is your blog now public? If so, I shall add it to my blog list!
Here's the link for the benefit of others:
Angry Saver: Personal Current Account Deficit
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