While the 14 day overage for all consumers in November 2011 spending was faily stable, at $71 for the first part and $73 per Gallup, this year was much more erratic, at $65 in the first part and $81 by the end.
So, here are three questions for Mish:
- 1. What is the average income in the New York City area compared with the national average?
- 2. What is the average income in New Jersey compared with the national average?
- 3. Can you think of anything that might have happened to impact consumer spending in the NYC and NJ areas in November of this year, especially during the first part?
I'm on Linked In and Twitter (@captivelawyer). Silver Oz's Linked In name is @silver_oz. NDD is a fossil and may be reached by etching a picture in stone on the wall of a cave.
The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.