Friday, August 05, 2011

Personal Income Revised----Down! (Surprised?)

What could be the matter? In Gummint-land, there's no "personal income" problem!

...Personal income was revised up $69.1 billion, or 0.6 percent, for 2008; was revised down $244.7 billion, or 2.0 percent, for 2009; and was revised down $167.5 billion, or 1.3 percent, for 2010.

Disposable personal income (DPI) (personal income less personal current taxes) was revised up $71.6 billion, or 0.7 percent, for 2008; was revised down $246.1 billion, or 2.2 percent, for 2009; and was revised down $195.0 billion, or 1.7 percent, for 2010...

Political forces cannot redistribute the wealth that the economic system does not produce

HT: Ritholtz

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