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)
- Stores Remake Retail to Fight Amazon’s “Transactional” Experience - August 22, 2019
- Have You Cut the Cord Yet with Cable? - August 16, 2019
- Incumbents Fight Back Against Amazon’s Rx Inroads - August 15, 2019