June Spending and Income Atrocious

Posted by

More goodness from the Recovery…

From the AP via New York Times:

WASHINGTON — Americans cut back on spending in June for the first time in nearly two years, and their incomes grew by the smallest amount in nine months, troubling signs in a barely growing economy.

The Commerce Department said in a report released on Tuesday that consumer spending dropped 0.2 percent in June. Excluding falling prices for items like energy and food, consumer spending would have been unchanged in June.

Income rose 0.1 percent, the weakest showing since September, reflecting anemic hiring this spring.

Turn the page.

 

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. good quality wigs for cheap commented on Sep 18

    … [Trackback]

    […] Here you can find 88757 additional Info to that Topic: thereformedbroker.com/2011/08/02/june-spending-and-income-atrocious/ […]

  2. Purchase Adderall 30mg commented on Sep 24

    … [Trackback]

    […] Here you will find 78167 additional Information to that Topic: thereformedbroker.com/2011/08/02/june-spending-and-income-atrocious/ […]

  3. maine medical marijuana laws 2018 commented on Dec 07

    … [Trackback]

    […] Read More Info here to that Topic: thereformedbroker.com/2011/08/02/june-spending-and-income-atrocious/ […]

  4. 토토 commented on Dec 11

    … [Trackback]

    […] Here you can find 81793 more Information to that Topic: thereformedbroker.com/2011/08/02/june-spending-and-income-atrocious/ […]

  6. bnc en ligne commented on Jan 08

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2011/08/02/june-spending-and-income-atrocious/ […]

  7. software testing company commented on Jan 12

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2011/08/02/june-spending-and-income-atrocious/ […]

  8. Automated Regression Testing commented on Jan 15

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2011/08/02/june-spending-and-income-atrocious/ […]

  9. replique montre commented on Jan 23

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2011/08/02/june-spending-and-income-atrocious/ […]

HowIInvestMyMoney