Chart gbpGOLD   Chart gbpSILVER  
 
Food for thought
All you have to do is look straight and see the road, and when you see it, don't sit looking at it - walk!
Ayn Rand  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1298.654.57
Silver 19.630.00
Platinum 1411.707.20
Palladium 793.20-1.70
WORLD MARKETS
DOWJONES 16409-16
NASDAQ 40969
NIKKEI 1451699
ASX 544532
CAC 40 443226
DAX 941092
HUI 220-2
XAU 90-1
CURRENCIES (€)
AUS $ 1.4803
CAN $ 1.5222
US $ 1.3810
GBP (£) 0.8224
Sw Fr 1.2198
YEN 141.7060
CURRENCIES ($)
AUS $ 1.0720
CAN $ 1.1020
Euro 0.7241
GBP (£) 0.5956
Sw Fr 0.8833
YEN 102.5800
RATIOS & INDEXES
Gold / Silver66.16
Gold / Oil12.45
Dowjones / Gold12.64
COMMODITIES
Copper 3.050.02
WTI Oil 104.300.83
Nat. Gas 4.740.21
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Slowing Growth in Income = Slowing Pace of Spending?
Published : March 02nd, 2012
127 words - Reading time : less than a minute
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet
Keywords :   Personal Income |

 

 

 

 

Based on the latest data (reported earlier today), the rate of growth in year-on-year personal income has fallen below that of personal spending, with the ratio of the former to the latter hitting its lowest level since June 2010.

 


 

Simply put, unless household income is poised for an imminent jump -- which would seem to require a significant and sustained boost in new hiring in the absense of any "quick fix" stimulus programs -- this development suggests that the already languid pace of consumer spending (especially when viewed in real, or inflation-adjusted, terms) is set to be dragged even lower.

 

Of course, details like this don't really matter to equity traders, who've been buying shares in the consumer discretionary sector like there's no tomorrow.

 


 

Michael J. Panzner 

 

 

 

 

Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Michael J. Panzner
All articles by
Michael J. Panzner
Next article by
Michael J. Panzner
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Michael J. Panzner

Michael J. Panzner is a 25-year veteran of the global stock, bond, and currency markets and the author of Financial Armageddon: Protecting Your Future from Four Impending Catastrophes, published by Kaplan Publishing.
Michael J. Panzner ArchiveWebsiteSubscribe to his services
Most recent articles by Michael J. Panzner
2/18/2013
2/16/2013
2/13/2013
1/7/2013
12/19/2012
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer