The everlasting revenue speculation in its RatEx-no liquidity constraint model says that consumption will alter upward totally in response to a windfall. This may imply it would take some time to decumulate the “extra financial savings” transferred in the course of the pandemic. How a lot stays? Right here’s a guess from Torsten Slok:
Supply: Torsten Slok, Apollo Advisers, June 5, 2023.
One other manner to have a look at that is to have a look at the circulation of revenue and consumption (in actual phrases):
Determine 1: Consumption (blue), private revenue ex-transfers (tan), and disposable private revenue (inexperienced), in billions Ch.2012$ SAAR. NBER outlined peak-to-trough recession dates shaded grey. Supply: BEA, NBER.
The everlasting revenue speculation in its RatEx-no liquidity constraint model says that consumption will alter upward totally in response to a windfall. This may imply it would take some time to decumulate the “extra financial savings” transferred in the course of the pandemic. How a lot stays? Right here’s a guess from Torsten Slok:
Supply: Torsten Slok, Apollo Advisers, June 5, 2023.
One other manner to have a look at that is to have a look at the circulation of revenue and consumption (in actual phrases):
Determine 1: Consumption (blue), private revenue ex-transfers (tan), and disposable private revenue (inexperienced), in billions Ch.2012$ SAAR. NBER outlined peak-to-trough recession dates shaded grey. Supply: BEA, NBER.
The everlasting revenue speculation in its RatEx-no liquidity constraint model says that consumption will alter upward totally in response to a windfall. This may imply it would take some time to decumulate the “extra financial savings” transferred in the course of the pandemic. How a lot stays? Right here’s a guess from Torsten Slok:
Supply: Torsten Slok, Apollo Advisers, June 5, 2023.
One other manner to have a look at that is to have a look at the circulation of revenue and consumption (in actual phrases):
Determine 1: Consumption (blue), private revenue ex-transfers (tan), and disposable private revenue (inexperienced), in billions Ch.2012$ SAAR. NBER outlined peak-to-trough recession dates shaded grey. Supply: BEA, NBER.
The everlasting revenue speculation in its RatEx-no liquidity constraint model says that consumption will alter upward totally in response to a windfall. This may imply it would take some time to decumulate the “extra financial savings” transferred in the course of the pandemic. How a lot stays? Right here’s a guess from Torsten Slok:
Supply: Torsten Slok, Apollo Advisers, June 5, 2023.
One other manner to have a look at that is to have a look at the circulation of revenue and consumption (in actual phrases):
Determine 1: Consumption (blue), private revenue ex-transfers (tan), and disposable private revenue (inexperienced), in billions Ch.2012$ SAAR. NBER outlined peak-to-trough recession dates shaded grey. Supply: BEA, NBER.
The everlasting revenue speculation in its RatEx-no liquidity constraint model says that consumption will alter upward totally in response to a windfall. This may imply it would take some time to decumulate the “extra financial savings” transferred in the course of the pandemic. How a lot stays? Right here’s a guess from Torsten Slok:
Supply: Torsten Slok, Apollo Advisers, June 5, 2023.
One other manner to have a look at that is to have a look at the circulation of revenue and consumption (in actual phrases):
Determine 1: Consumption (blue), private revenue ex-transfers (tan), and disposable private revenue (inexperienced), in billions Ch.2012$ SAAR. NBER outlined peak-to-trough recession dates shaded grey. Supply: BEA, NBER.
The everlasting revenue speculation in its RatEx-no liquidity constraint model says that consumption will alter upward totally in response to a windfall. This may imply it would take some time to decumulate the “extra financial savings” transferred in the course of the pandemic. How a lot stays? Right here’s a guess from Torsten Slok:
Supply: Torsten Slok, Apollo Advisers, June 5, 2023.
One other manner to have a look at that is to have a look at the circulation of revenue and consumption (in actual phrases):
Determine 1: Consumption (blue), private revenue ex-transfers (tan), and disposable private revenue (inexperienced), in billions Ch.2012$ SAAR. NBER outlined peak-to-trough recession dates shaded grey. Supply: BEA, NBER.
The everlasting revenue speculation in its RatEx-no liquidity constraint model says that consumption will alter upward totally in response to a windfall. This may imply it would take some time to decumulate the “extra financial savings” transferred in the course of the pandemic. How a lot stays? Right here’s a guess from Torsten Slok:
Supply: Torsten Slok, Apollo Advisers, June 5, 2023.
One other manner to have a look at that is to have a look at the circulation of revenue and consumption (in actual phrases):
Determine 1: Consumption (blue), private revenue ex-transfers (tan), and disposable private revenue (inexperienced), in billions Ch.2012$ SAAR. NBER outlined peak-to-trough recession dates shaded grey. Supply: BEA, NBER.
The everlasting revenue speculation in its RatEx-no liquidity constraint model says that consumption will alter upward totally in response to a windfall. This may imply it would take some time to decumulate the “extra financial savings” transferred in the course of the pandemic. How a lot stays? Right here’s a guess from Torsten Slok:
Supply: Torsten Slok, Apollo Advisers, June 5, 2023.
One other manner to have a look at that is to have a look at the circulation of revenue and consumption (in actual phrases):
Determine 1: Consumption (blue), private revenue ex-transfers (tan), and disposable private revenue (inexperienced), in billions Ch.2012$ SAAR. NBER outlined peak-to-trough recession dates shaded grey. Supply: BEA, NBER.
The everlasting revenue speculation in its RatEx-no liquidity constraint model says that consumption will alter upward totally in response to a windfall. This may imply it would take some time to decumulate the “extra financial savings” transferred in the course of the pandemic. How a lot stays? Right here’s a guess from Torsten Slok:
Supply: Torsten Slok, Apollo Advisers, June 5, 2023.
One other manner to have a look at that is to have a look at the circulation of revenue and consumption (in actual phrases):
Determine 1: Consumption (blue), private revenue ex-transfers (tan), and disposable private revenue (inexperienced), in billions Ch.2012$ SAAR. NBER outlined peak-to-trough recession dates shaded grey. Supply: BEA, NBER.
The everlasting revenue speculation in its RatEx-no liquidity constraint model says that consumption will alter upward totally in response to a windfall. This may imply it would take some time to decumulate the “extra financial savings” transferred in the course of the pandemic. How a lot stays? Right here’s a guess from Torsten Slok:
Supply: Torsten Slok, Apollo Advisers, June 5, 2023.
One other manner to have a look at that is to have a look at the circulation of revenue and consumption (in actual phrases):
Determine 1: Consumption (blue), private revenue ex-transfers (tan), and disposable private revenue (inexperienced), in billions Ch.2012$ SAAR. NBER outlined peak-to-trough recession dates shaded grey. Supply: BEA, NBER.
The everlasting revenue speculation in its RatEx-no liquidity constraint model says that consumption will alter upward totally in response to a windfall. This may imply it would take some time to decumulate the “extra financial savings” transferred in the course of the pandemic. How a lot stays? Right here’s a guess from Torsten Slok:
Supply: Torsten Slok, Apollo Advisers, June 5, 2023.
One other manner to have a look at that is to have a look at the circulation of revenue and consumption (in actual phrases):
Determine 1: Consumption (blue), private revenue ex-transfers (tan), and disposable private revenue (inexperienced), in billions Ch.2012$ SAAR. NBER outlined peak-to-trough recession dates shaded grey. Supply: BEA, NBER.
The everlasting revenue speculation in its RatEx-no liquidity constraint model says that consumption will alter upward totally in response to a windfall. This may imply it would take some time to decumulate the “extra financial savings” transferred in the course of the pandemic. How a lot stays? Right here’s a guess from Torsten Slok:
Supply: Torsten Slok, Apollo Advisers, June 5, 2023.
One other manner to have a look at that is to have a look at the circulation of revenue and consumption (in actual phrases):
Determine 1: Consumption (blue), private revenue ex-transfers (tan), and disposable private revenue (inexperienced), in billions Ch.2012$ SAAR. NBER outlined peak-to-trough recession dates shaded grey. Supply: BEA, NBER.
The everlasting revenue speculation in its RatEx-no liquidity constraint model says that consumption will alter upward totally in response to a windfall. This may imply it would take some time to decumulate the “extra financial savings” transferred in the course of the pandemic. How a lot stays? Right here’s a guess from Torsten Slok:
Supply: Torsten Slok, Apollo Advisers, June 5, 2023.
One other manner to have a look at that is to have a look at the circulation of revenue and consumption (in actual phrases):
Determine 1: Consumption (blue), private revenue ex-transfers (tan), and disposable private revenue (inexperienced), in billions Ch.2012$ SAAR. NBER outlined peak-to-trough recession dates shaded grey. Supply: BEA, NBER.
The everlasting revenue speculation in its RatEx-no liquidity constraint model says that consumption will alter upward totally in response to a windfall. This may imply it would take some time to decumulate the “extra financial savings” transferred in the course of the pandemic. How a lot stays? Right here’s a guess from Torsten Slok:
Supply: Torsten Slok, Apollo Advisers, June 5, 2023.
One other manner to have a look at that is to have a look at the circulation of revenue and consumption (in actual phrases):
Determine 1: Consumption (blue), private revenue ex-transfers (tan), and disposable private revenue (inexperienced), in billions Ch.2012$ SAAR. NBER outlined peak-to-trough recession dates shaded grey. Supply: BEA, NBER.
The everlasting revenue speculation in its RatEx-no liquidity constraint model says that consumption will alter upward totally in response to a windfall. This may imply it would take some time to decumulate the “extra financial savings” transferred in the course of the pandemic. How a lot stays? Right here’s a guess from Torsten Slok:
Supply: Torsten Slok, Apollo Advisers, June 5, 2023.
One other manner to have a look at that is to have a look at the circulation of revenue and consumption (in actual phrases):
Determine 1: Consumption (blue), private revenue ex-transfers (tan), and disposable private revenue (inexperienced), in billions Ch.2012$ SAAR. NBER outlined peak-to-trough recession dates shaded grey. Supply: BEA, NBER.
The everlasting revenue speculation in its RatEx-no liquidity constraint model says that consumption will alter upward totally in response to a windfall. This may imply it would take some time to decumulate the “extra financial savings” transferred in the course of the pandemic. How a lot stays? Right here’s a guess from Torsten Slok:
Supply: Torsten Slok, Apollo Advisers, June 5, 2023.
One other manner to have a look at that is to have a look at the circulation of revenue and consumption (in actual phrases):
Determine 1: Consumption (blue), private revenue ex-transfers (tan), and disposable private revenue (inexperienced), in billions Ch.2012$ SAAR. NBER outlined peak-to-trough recession dates shaded grey. Supply: BEA, NBER.
