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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (696273)	1/31/2013 12:12:28 PM
From: combjelly	Read Replies (1) \| Respond to of 1573211

It is closer to flat than it is being a healthy level of growth. Flat? Hardly. Personal income has been increasing at a steady rate since at least 2011. An increase of over a trillion dollars since Jan. of 2011, or about 8.7%. It grew by 5.9% in 2012 alone. bea.gov UI payments have dropped by more than 40% over the same span of time. Given that 70% of the economy is driven by consumer spending, the increase in personal spending grew 7.2% over the past two years and 3% in 2012. Given that consumer spending is 70% of the economy, this isn't too bad. It also signals that people are saving more. While that is a drag on economic activity, it is a good long term sign.