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Must-read: Macro Advisers: Now-Cast: Personal income and outlays way undershot expectations…

Must-Read: Macro Advisers: Now-Cast: First-quarter real GDP growth at 1.0%/year:

Https macroadvisers bluematrix com sellside EmailDocViewer encrypt 07856b96 a505 4d8c 9910 fdea16842f37 mime pdf co macroadvisers id jbdelong uclink berkeley edu source mail

They will probably be angry at me for posting this, but it is genuine news: personal income and outlays way undershot expectations, and so they have marked down their estimate for first-quarter 2016 real GDP growth from the 1.9%/year it was five days ago to 1.0%/year now.

Certainly makes last December look like a bad time to stop ~~sniffing glue~~ the zero-interest-rate policy, doesn’t it?

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Must-read: Macro Advisers: Now-Cast: Personal income and outlays way undershot expectations…

March 28, 2016

AUTHORS:

March 28, 2016

AUTHORS:

U.S. economic mobility trends and outcomes

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon