Economics, as a branch of the more general theory of human action, deals with all human action, i.e., with mans purposive aiming at the attainment of ends chosen, whatever these ends may be.--Ludwig von Mises
Monday, August 30, 2010
Personal Savings and Personal Income
The saving rate decreased to 5.9% in July from 6.2% in June (flat at 6.1% using a three month average).
Personal income increased $30.0 billion, or 0.2 percent ... Personal consumption expenditures (PCE) increased $44.1 billion, or 0.4 percent