UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. Oct. 20 @ 2:00 pm ET - Beige Book Report
* Tues. Oct. 26 @ 10:00 am ET - CB Consumer Confidence
* Fri. Oct. 29 @ 8:30 am ET - Core PCE Price Index m/m Data
* Wed. Nov. 3 @ 2:00 pm ET - FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Fri. Nov. 5 @ 8:30 am ET - Employment Data
* Tues. Nov. 9 @ 8:30 am ET - PPI m/m & Core PPI m/m Data
* Wed. Nov. 10 @ 8:30 am ET - CPI m/m & Core CPI m/m Data
* Fri. Nov. 12 @ 10:00 am ET - Prelim. UoM Consumer Sentiment
* Fri. Nov. 12 @ 10:00 am ET - Prelim. UoM Inflation Expectations
* Tues. Nov. 16 @ 8:30 am ET - Retail Sales & Core Retail Sales Data
* Wed. Nov. 24 @ 2:00 pm ET - FOMC Meeting Minutes
*** CLICK HERE for link to Economic Calendars for all upcoming events.
Wednesday, October 05, 2011
Do you base your spending habits on GDP forecasts?
Really, is there any doubt? Doesn't it go something like this?...a balanced budget = personal income divided by personal outgoings with, hopefully, something left over to put into savings for retirement and future inflation. And, since I don't have the luxury of my own personal money printing press, I can't fabricate what I haven't legitimately earned to cover expenses. So, NO is my answer, if I were polled.
With bank interest rates pretty much non-existent these days, and the fact that personal debt-to-income ratio has skyrocketed to extremely excessive amounts for many Americans over the past few years, I don't see how the country's economy can legitimately grow (from domestic demand) without the printing of additional money. What people are faced with, in reality, is trying to pay off debts and survive at the same time. The same comments apply to the world economies...a slowdown in growth = a slowdown in demand for U.S. products/services (as well as for domestic products/services).