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Sep 29 2008
12:56PM
EDT
Stimulus Tracker
Remember the good old days when all we were concerned with was whether a simple fiscal stimulus package would boost the economy?
This morning, the BEA released the latest personal consumption report and the results were scary. In real terms, Americans consumed the same amount they did last year, or in other words, growth in consumption was a big fat zero:
Meanwhile, the personal savings rate also dipped but was still higher than before the stimulus:
This could finally be the start of the much-anticipated global rebalancing.
This morning, the BEA released the latest personal consumption report and the results were scary. In real terms, Americans consumed the same amount they did last year, or in other words, growth in consumption was a big fat zero:
Meanwhile, the personal savings rate also dipped but was still higher than before the stimulus: This could finally be the start of the much-anticipated global rebalancing.
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