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Notes to myself, possibly of interest to others.
-- Bill Northlich

Wednesday, September 1, 2010

Middle class continues to bite the dust

In real terms,we are now seeing no growth in real personal income and the monthly trend [has been] declining since April. Moreover,real disposal income fell 0.1%, which is the first decline we have seen since the beginning of the year. ---Rosenberg, op. cit.

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