Real Consumer spending increases in August-27 month back High, almost to the level of PreRecession

You are here:Home > articles > economy > Real Consumer costs increase in August to ... According to today's report from BEA on "Personal income and expenses", reached the real personal consumption expenditure 27-month high on 9,321.2 billion dollars in August, the highest level of consumption since May of 2008 (see chart above).  Real consumption in August was only 34.3 billion USD (or 0.37%) during the peak of 9,355.5 billion $ reached in december 2007, the month, the American economy went into recession.
   From 16-month between January 2008 and april 2009 real personal consumption fell in 13 of these months; in 16-month period may, 2009-August 2010, consumption has increased in 13 months, as the economy has gradually recovered.Over the past seven months, consumption has increased every month except april. The August increased real expenditure was the fourth consecutive monthly increase and beat expectations of economists.
This increase in consumption during summer is compatible with the vast increase in August state tax revenue (including VAT) which was higher than expected in many States, see CD posts here with 13 States reporting increases in August in tax revenue.

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Fantastic statistics over 12 year period you made more on 1 day in the month since all other days combined

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Some startling statistics from an unlikely source-USA Today; I wish these people would use the broader S & P 500 than the old DJIA.
The First 7 days of 9 first years have been up (78% win rate) partly because "first day influx" (401ks and such), and a lot of these days we waited to Chinese Purchasing Manager Index overnight stay (released before their first day of the month) which usually led to premarket overvoltages in the United States; translation into bears: you feeling lucky punk??(remember, there is a very interesting Manufacturing ISM tomorrow-let's see if we can break the pattern)

  The last day of the month this year has been poor performance, with the Dow either flat or in red every month.
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Although it is a quite interesting is this staggering statistic.I am curious to know why they stopped in May 2009 (perhaps data mining), but at a period of 12 years you could do so much on the first day of the month that all other days of the month in combination!
There is no sure thing on Wall Street.But to make money in stocks on the first trading day of a new month is a good bet the 2010 edition of the Stock Trader Almanac notes that during the period from 12 year ended May 7, 2009, the Dow Jones Industrial "won more points on the first trading days each month than any other days together."The match: plus 4,399 points in the first few days in months, compared with a loss of 3,809 points the rest of the days; That is just fantastic. Wish that they had gone through mid-2010 to see if it continued.
Look for a second fund launch late 2011: 1st day fund our strategy? 100% net long from 3: 59 PM on the last day of previous month via 3: 59 PM on the first day of the month, 100% cash otherwise. Boo Yah.

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