The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (7985)	5/30/2008 8:47:11 AM
From: Giordano Bruno	Read Replies (1) of 71475

Analysis from MNS --Pvt Wages -$18.2b; Savings Rate +0.7%; YOY Core Px Still +2.1% - US DATA: Apr Personal Income +0.2%, PCE +0.2%, and core PCE prices +0.1% for +2.1% YOY. Real PCE was flat in a very slow start to Q2, suggesting consumption is slowing (was +1.0% SAAR in Q1). This is all pretty much as expected, but it confirms the possibility of a dip in Q2 growth. Pvt wages & salaries -$18.2b as mfg and services wages fell; the last time comp fell was Apr 2007. Q1 wages had been bosted by large 1-time bonuses (about $15b/mo). Rents, income receipts, transfers were higher, but proprietors' income was -$0.9b, all in the nonfarm sector. Tax stimulus payments will be treated as an offset to current taxes. Within PCE, durables was -0.3% but other spending advanced. Savings rate was +0.7%. Bottom line: another weak report. [stolen]

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