Real Disposable Income Plummets Most In 40 Years

[old steel]

We may not know much about "Keynesian economics" (and neither does anyone else: they just plug and pray, literally), but we know one thing: when real disposable personal income drops by 0.2% from a month earlier, and plummets by 2.7% from a year ago, the biggest collapse since the semi-depression in 1974, something is wrong with the US consumer.
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/01-overflow/Real%20Disposable%20Income%20ST_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/01-overflow/Real%20Disposable%20Income%20ST.jpg)

And longer-term chart:
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/01-overflow/Real%20Disposable%20Income%20LT_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/01-overflow/Real%20Disposable%20Income%20LT.jpg)
Source: BEA (http://research.stlouisfed.org/fred2/series/DSPIC96)


http://www.zerohedge.com/news/2014-01-31/wtf-going-real-disposable-income-plummets-most-40-years

[old steel]

Maybe we need another 9/11 so the sitting president of the USA can tell us all to go shopping, again.

[Neuro]

Maybe we need another 9/11 so the sitting president of the USA can tell us all to go shopping, again.
Yeah for pickforks this time!

[mick silver]

could it be most people are tap out . right now the only things we are buying is more food to store . i seen this morning walmart saying there sales are down

[Spectrism]

He is already telling businesses to raise wages.

Can you imagine if this clown actually believes that will make things better. He really is a moron being used by the clever devils behind the scenes.

He is unable to think further than one level of cause & effect.