This morning’s big headline, other than debris search roulette, may be the Personal Consumption and Expenditures report that was just released.
Personal income increased $47.7 billion, or 0.3 percent, and disposable personal income (DPI) increased $42.3 billion, or 0.3 percent, in February, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $30.8 billion, or 0.3 percent. In January, personal income increased $41.3 billion, or 0.3 percent, DPI increased $40.3 billion, or 0.3 percent, and PCE increased $20.0 billion, or 0.2 percent, based on revised estimates.
OK, you may be wondering if personal income was up, how come you didn’t have any more spare coin jingling around. Damn fine question that…be sure and submit it in advance of our next news conference to see if it gets approved. Continuing with this bouquet of delights:
Personal current taxes increased $5.3 billion in February, compared with an increase of $1.2 billion in January. Disposable personal income (DPI) — personal income less personal current taxes — increased $42.3 billion, or 0.3 percent, in February, compared with an increase of $40.3 billion, or 0.3 percent, in January.
Personal saving — DPI less personal outlays — was $544.5 billion in February, compared with $535.9 billion in January. The personal saving rate — personal saving as a percentage of disposable personal income — was 4.3 percent in February, compared with 4.2 percent in January.
Somewhere about here, we should stop so you can wipe the coffee – which ought to be spewing out your nose – off your face; joining those tears of laughter as you roll helplessly on the floor.
The Dow is set to open up 35 points and about the only way to improve on this morning’s jovial economic data would be a tooth extraction without anesthetic, as I see it.
Like I said yesterday: Me? I’m skeptical on this whole search thing going on out in the oceans off pretty much anywhere, now.
Reports that “objects” have been sighted need to be taken with either an aspirin, Adderall, or oxy, depending on what gets you through. I still hold to sobriety, but the headline machine is making that harder every day. Speaking of which…
Drugs and Death
There’s a report out this morning that “Anti-Anxiety Drugs are tied to higher Mortality.”
Just between you and me, I’ve always been suspicious of “mortality” studied, since everyone is going to die anyway, know what I mean? Oxy before skydiving doesn’t make sense, but maybe Adderall before brain surgery….well, dead is dead, is all I’m saying.
What helps me most is pretending I’m an extraterrestrial and just showed up with no opinions about nothing and pretending I’m watching an ant farm. Still trying to build the anti-gravity machine to get home…
There, all better now.
More after this……
Zeus on Awakening from “Pet Madness”?
A report this morning that cats can infect humans with tuberculosis could have far-reaching impacts, reports our Senior Editor, Zeus the Cat.
ZtC, who is already on half rations for failing to keep a rat from moving into the air conditioning system of Elaine’s old Lexus, says to keep an eye on the whole pet industry. “That’s cat food, dog food, veterinarian supplies, the whole lot of it,” he purred.
“People don’t really need pets, when you think about it,” he continued. “The cats don’t mouse like they did in the good old days when our relationship with humans made more sense. We domesticated them because most humans are barely house-broken and they attract vermin like nothing else. Toss in the dangerous disease that pregnant moms can get from the kitty litter and you’ve got an air-tight case.”
“Yes, but if people give up on cats, what about dogs?” Ures truly asked.
“Why would you have other disease risks and the biting issues with dogs, I mean voluntarily,” he meowed. “And what is the Anchorage Daily News doing reporting on a sharp increase in dog bites in Arizona? Can’t the locals handle the truth down in the Valley of the Grays?”
“Your job around here is safe, kitty. As long as I don’t get another $430 bill to have the old Lexus into the shop for rat removal.”
“Watch it fatso…You want me to give you Hantavirus, too? I had a suspect squirrel for breakfast. Keep up this cat abuse stuff and I’m heading to Colorado. Hear they have more than catnip up there, know what I’m saying?”
Another One Bites the Dust
Republican Mike Rogers of Michigan is leaving the post…not running for re-election from Michigan.
Instead? He’ll be starting up a national radio program.
Since I’m an ex-broadcaster (it explains the spelling around here, but I can read anything aloud) let me offer him some advice: Do a radio show aimed at the smart people, not the dumb ones.
The low-information folks, who listen to the right-wing-radio Messiah might find something a little more skeptical of both sides (appealing to the Tea-Middles) refreshing.
The righties are still worshipping Reagan, whose budget disaster we’re still paying for. And the lefties gloss over *(or simply don’t comprehend)_ the details.
Smart people know both sides are F/U’ed and so it because a matter of choosing the lesser poisons. Damn shame Nixon trashed that Silent Majority positioning statement…it was really good…just the party was bad at the top.
Can anyone grok “small but compassionate” government?
Was I Wrong About Facebook?
In yesterday’s column, I expressed the idea that maybe some high tech/social stocks were over prices. No comes the report that “Facebook works on drones and lasers to bring web to whole world”
What is see it huge creativity and no one plotting out the logical (stair-ste-wise) evolution of technologies to get there – and some PITA like me running business model spreadsheets to see if it really makes sense.
I think it’s still an open question. But the price of FB bounced a bit Thursday, up 1%.
I know, me being wrong is inconceivable, so let’s see what comes.
Meantime, Microsoft is coming out with Office for the iPad. Better late than never, but best never late.
On Rats and Ships
Say, I can’t help but having a gut wrenching reaction when I read how former Obamanista chief of staff Rahm Emanuel had “contrary views” on healthcare.
I’m always suspect about late-term repenting. Which means he wants to be on the table for Veep in 2016 maybe…watch closely. Sharper than Biden, though… I’ll give you that.
Sounds Like UrbanSurvival…
Except it’s the Financial Times explaining “How the best of times is making way for the worst…”
No mention of a cats, oxy, or any of the other landmines of life in their article, but in general it’s a reasoned view… sort of like what we preach around here without the sauce and they seem to have a spell checker.