There has still been no meaningful recovery in real personal income. The nascent recovery in consumer spending has come out of savings and from government transfer payments. Neither source of income is sustainable.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- Is Intense Investor Optimism a Sign of the End? - September 20, 2017
- This is why Dividends are Better than Buybacks - September 19, 2017
- This is One of the Most Conservative Stocks in the World - September 15, 2017