Personal income and consumption

This shows the dependence on federal deficit spending to sustain incomes; Real personal consumption has collapsed-and particularly for services- far more than in 2008/09 even with the increase in personal income from the stimulus checks and enhanced unemployment compensation. A large part of the reason is that it isn’t safe to go to work and […] The post Personal income and consumption appeared first on The Center of the Universe .

This shows the dependence on federal deficit spending to sustain incomes;

Real personal consumption has collapsed-and particularly for services- far more than in 2008/09 even with the increase
in personal income from the stimulus checks and enhanced unemployment compensation. A large part of the reason
is that it isn’t safe to go to work and those services simply aren’t available. A financial crisis has been averted, but
not an economic collapse:

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The post Personal income and consumption appeared first on The Center of the Universe.

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