$300 billion vs. the Treasury’s funding needs of a minimum of $1.5 trillion is only decreasing the amount of liquidity withdrawal by those needs. It’s not at all the case that the Fed is hyperinflating - to say nothing of these Fed purchases being, of course, a drop in the bucket to the trillions that have been and are in the process of being wiped out.
Personal Spending Jumps More than Income in March
-
Disposable (after tax) income rose 0.5 percent in March. Real (inflation
adjusted) income rose 0.2 percent. The rise in spending outpaced the rise
in income.
No comments:
Post a Comment