Chart gbpGOLD   Chart gbpSILVER  
 
Food for thought
Debt is a prolific mother of folly and of crime
Benjamin Disraeli  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1216.760.76
Silver 17.80-0.01
Platinum 1325.00-8.25
Palladium 798.00-12.00
WORLD MARKETS
DOWJONES 17194-78
NASDAQ 4518-62
NIKKEI 16206-115
ASX 5368-69
CAC 40 4443-19
DAX 9750-50
HUI 204-4
XAU 85-2
CURRENCIES (€)
AUS $ 1.4474
CAN $ 1.4158
US $ 1.2835
GBP (£) 0.7846
Sw Fr 1.2074
YEN 139.7690
CURRENCIES ($)
AUS $ 1.1278
CAN $ 1.1031
Euro 0.7792
GBP (£) 0.6113
Sw Fr 0.9407
YEN 108.9010
RATIOS & INDEXES
Gold / Silver68.36
Gold / Oil13.28
Dowjones / Gold14.13
COMMODITIES
Copper 3.04-0.05
WTI Oil 91.65-0.76
Nat. Gas 3.850.02
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
In the same category
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
MOST READ
TOP RATED
MOST COMMENTED
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