Comments on: Unemployment rate climbs to 9.4% http://www.creditwritedowns.com/2009/06/unemployment-rate-climbs-to-94.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: Bob_in_MA http://www.creditwritedowns.com/2009/06/unemployment-rate-climbs-to-94.html#comment-56537 Bob_in_MA Fri, 05 Jun 2009 14:56:00 +0000 http://www.creditwritedowns.com/2009/06/unemployment-rate-climbs-to-94.html#comment-56537 It sure seemed like a bullish report to me, too. The market is flat right now, that must give pause to the bulls. On another subject, I was looking at the personal income/expenditure stats released Monday. Disposable personal income increased 1.1%, or an annual rate of $121B. That accounted for a big chunk of the stimulus headed directly to individuals. And yet spending FELL .1%! The caution that stimulus money is mostly saved seems to have been have been proven true. The balance sheet aspect of this recession made it even more likely I guess. It sure seemed like a bullish report to me, too. The market is flat right now, that must give pause to the bulls.

On another subject, I was looking at the personal income/expenditure stats released Monday. Disposable personal income increased 1.1%, or an annual rate of $121B. That accounted for a big chunk of the stimulus headed directly to individuals.

And yet spending FELL .1%!

The caution that stimulus money is mostly saved seems to have been have been proven true. The balance sheet aspect of this recession made it even more likely I guess.

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