Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Slowing Growth in Income = Slowing Pace of Spending?

IMG Auteur
Published : March 02nd, 2012
127 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : Personal Income
Category : Crisis Watch

 

 

 

 

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 


 

 


<< Previous article
Rate :Average :0 (0 vote)
>> Next article
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.
WebsiteSubscribe to his services
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
The Way Out
31 MarGypsy1
James, you're wrong to think the people on earth couldn't THRIVE ~ live well, eat well, enjoy great lives, advance mankind ~ with the resources we ...
Time to Eliminate Pilots in Airc...
30 MarShadowdoo1
Hi Mish, Sorry pal, I would rather take the door off than give the controls to some moron on the ground. Especially with that nitwit in t...
Gold: April 2015 Update
30 Marovertheedge
"I have been invited to speak at the Mines & Money Mauritius Conference in June 2015 again. If you would like to join you can receive 25% off your ...
Greece Needs the Magic Formula t...
30 Marovertheedge
Wow dude. "Idiocracy" is obviously not just another dumb-ass movie. I admit that I should have recognized your devotion to Brawndo (it has ...
Signs that America Will Hit the ...
30 MarFalconflight
I'll tell you what signals a return of the Dark Ages....the growing, almost hysterical screed again in the West that those Jews are responsible for...
Misunderstanding "Peak Gold"; Go...
29 MarTed S.1
Hi Mish, You make a good point about the difference between commodities and gold. It's a great point of discussion to counter people who ar...
The Finanser Interviews Jon Matonis
29 Marovertheedge
"In late 2009, I got introduced to Bitcoin by a random email from Satoshi Nakamoto. I didn’t give it much thought at the time and then 3-4 months ...
Gold Effect on Mining & Shale Wa...
28 Marneville1
Thank you Jim Willie for your open and candid report on some of the most urgent matters agrevating this economically and war torn world thanks...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Bankers Petroleum(Oil)BNK.TO
to Release First Quarter Operational Update and Hold Conference Call April 7, 2015
CA$ 2.71-1.09%Trend Power :
Corporate news
Aurico(Au-Ag)AUQ.TO
Announces Details for First Quarter Results and Annual General Meeting
CA$ 3.50-2.78%Trend Power :
Financials
Erdene(Au-Cu-Mo)ERD.TO
Reports Initial Resource Estimate for Altan Nar Gold-Polymetallic Project
CA$ 0.12+19.05%Trend Power :
Corporate news
Impact Silver(Ag-Au-Cu)IPT.V
Reports Additional Wide & High Grade Drill Intercepts at San Ramon Deeps; Expands Scope of Mi
CA$ 0.18-2.63%Trend Power :
Corporate news
Perlite CanadaPCI.V
Announces its Results for for the First Quarter of 2015
CA$ 0.18+0.00%Trend Power :
Financials
Dundee Precious Metals(Ag-Au-Cu)DPM.TO
Announces Reserve and Resource Update for 2015
CA$ 2.72+1.49%Trend Power :
Corporate news
Typhoon Expl.(Au-Gems-Ur)TYP.V
Acquires Two New Properties
CA$ 0.06+0.00%Trend Power :
Corporate news
Silver Bear Res.(Ag-Au-Le)SBR.TO
Announces the Filing of its Financial Results for the Year Ended December 31, 2014
CA$ 0.04+12.50%Trend Power :
Financials
Rogue Res(Cu-Le-Ni)RRS.V
Appoints Angela Yap CFO
CA$ 0.06+9.09%Trend Power :
Nominations
Chesapeake Gold(Ag-Au-Cu)CKG.V
Announces New Water Source Strategy For Metates; Updated Pre-Feasibility Study To Be Released
CA$ 2.14+0.00%Trend Power :
Corporate news
Comments closed
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.