Mish — Real Disposable Personal Income Drops Second Consecutive Month; Drop is Highly Deflationary

Mish parses the reported data on income decline. Read the whole post at MISH'S Global Economic Trend Analysis

Real Disposable Personal Income Drops Second Consecutive Month; Drop is Highly Deflationary

This is doubly interesting because Mish is a subscriber to the Austrian school, and he is one of the few on that side that is calling deflation rather than inflation now.