We may not know much about “Keynesian economics” (and neither does anyone else: they just plug and pray, literally), but we know one thing: when real disposable personal income plummets by 2.7% from a year ago – the biggest collapse since the semi-depression in 1974, something is very, very wrong with the US consumer, and not to mention the entire US economy…
And longer-term chart:
via Zero Hedge http://ift.tt/1fDHL9O Tyler Durden