Ralph Vince's Letter

Ralph Vince's Letter

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Ralph Vince's Letter
Ralph Vince's Letter
Income and Durable Goods

Income and Durable Goods

Numbers reported today

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Ralph Vince
Dec 23, 2021
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Ralph Vince's Letter
Ralph Vince's Letter
Income and Durable Goods
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Thursday, December 23, 2021

Published irregularly, as conditions dictate.

Personal Income numbers are out today. Given the ever-increasing bonanza of government giveaways, we look at personal income minus these giveaways (“transfer receipts”):

It’s rare for this number to decline, and by the time it does, as evident in the chart above, the market is ofte…

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