Recent Blog Posts
-
The Year in Research
Dec 31 20089:13 am EDT -
Mind Your Value Judgements
Dec 19 20087:52 pm EDT -
S.E.C. Short-Sale Ban: Pretty Much Useless
Dec 19 20083:45 pm EDT -
Advice from Japan: Don't Forget TARP 1
Dec 19 20082:31 pm EDT -
Chart of the Day: Money Market Stress Easing
Dec 18 20088:57 pm EDT -
House Price Bubble Deflated?
Dec 18 20085:57 pm EDT -
Where Were the Whistleblowers?
Dec 16 200811:03 pm EDT -
It's Just a Recession
Dec 13 200810:20 pm EDT -
Comparing American and European Unemployment Insurance
Dec 12 20087:46 pm EDT -
Back to Normal?
Dec 11 20084:33 pm EDT
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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.
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