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Mar
30

How long can we keep increasing consumption in the face of declining incomes?

Personal consumption is ultimately a function of the income available from which that spending is derived. As such, the current decline in the growth rate of incomes, without the tailwind of easy credit, poses a much greater threat to the current level of anemic economic growth than we have seen in past cycles.

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The Consumption Dysfunction
Personal incomes and savings continue to show that American's are struggling to survive.

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