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Falling Rate Of Personal Income Growth: New Risk Factor?

Friday’s weak jobs report has taken some of the air out of the optimism balloon for the US macro outlook, but in the search for things to worry about I’m more inclined to focus on the discouraging trend of late with personal income. To be precise, the decelerating year-over-year change in personal income less transfer receipts (Social Security checks, for instance) is beginning to look troubling. Read more…

 

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