Microsoft makes the month
January 31st, 2005 by 
InLibrisLibertas
Ah the marvels of government accounting. The Microsoft dividend causes an economic miracle in December.
8:30am 01/31/05 U.S. DEC. PERSONAL SAVINGS RATE 3.4%
8:30am 01/31/05 U.S. DEC. WAGES, SALARIES UP 0.4%
8:30am 01/31/05 U.S. DEC. PCE PRICE INDEX FALLS 0.1%
8:30am 01/31/05 U.S. DEC. PCE CORE PRICE INDEX FLAT
8:30am 01/31/05 U.S. DEC. CONSUMER SPENDING UP 0.8% AS EXPECTED
8:30am 01/31/05 U.S. DEC. INCOMES EX-GATES UP 3.3%
8:30am 01/31/05 U.S. DEC. INCOMES EX-MICROSOFT UP 0.6%
8:30am 01/31/05 U.S. DEC. PERSONAL INCOMES RISE RECORD 3.7%
I’m seeing bullish pieces everywhere trumpeting the rise in incomes. Looks to me that ex the Microsoft dividend, personal savings went negative in December as spending rose faster than incomes. Sick, very sick.
Posted in Income & Consumption, Saving & Investment | 