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October 29th, 2011 
FAKE NEWS for the Zionist agenda 
Zero Hedge
Friday, October 28, 2011
Wondering how it was possible for Q3 GDP to post such a substantial beat yesterday driven by a surge in Personal Consumption expenditures? Wonder no more: in the last quarter, the US consumer literally tapped out, bringing their savings rate from a 2011 high 5.3% in June to 3.6% in September, after the BEA reported that while spending increase was in line with expectations at an unsustainable 0.6%, income was just barely above unchanged at 0.1% on expectations of 0.3% confirming that as far as the economy is concerned, the consumer is just getting worse and worse off. This is the lowest number since the depression started back in December 2007! The only problem is back then it had been lower and was rising in anticipation of the fallout from the Great Financial Crisis, this time it was modestly higher and is now plunging. Very soon deleveraging Americans, whose homes are getting cheaper by the day, will have no savings left to use for useless trinket purchases. How does GDP “grow” then?
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One Response to “Chart Of The Day: Savings Rate Drops To December 2007 Levels”
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** Very soon deleveraging Americans, whose homes are getting cheaper by the day, will have no savings left to use for useless trinket purchases. How does GDP “grow” then? **
And AGAIN we’re making the ASSumption that it’s all about “buying useless trinkets” !
What about those who simply don’t have any money leftover after paying some of their bills like: Mortgages, rent, utilities, groceries, ???
Oh, I get it!!! THOSE FOLKS don’t “count” because they aren’t a big part of the “spending sprees on retail products” ?!?!?!?
How about a further focus on those who are unable to make ends meet???? Isn’t THAT SEGMENT of the population among the fastest growing trend ???????
Just sayin’ !!!