My Own Market Narrative
"It will take a rally of monumental proportions to save the penis of John McAfee" - Zerohedge, 2017
Monday, September 18, 2017
NDD on real median income: YABUT
New Deal Demoncrat
2016's new high in real median household income
Yeah, that's fine and all.
This chart, combined with the fact that marginal propensity to consume goes down as income increases, means that household consumption still has a way to go.
Household savings, though, is hunky dory cos the rich are richer.
Thus, NDD, I'm more of a New Deal Keynesian Leftist than thou.
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