Tax

Another set of charts from the Q3-2012 National Accounts:

Savings fall-off

Just wondering about the fall-off in national savings ...

Nominal net savings as a per cent of nominal GDP is in decline ...

This effect may be masked in the standard statistic from the national accounts ...

Because national disposable income is flat-lining ...

But more likely, it is the product of dis-savings in the non-Household sectors (ie. the NFP, business and government sectors).

Mark the Ballot

For those following my statistical exploration of opinion polls and related things psephological, they can be found on my new blog: Mark the Ballot.

GDP Q3 2012 - saving less - ToT shock

The headlines:

Some states in pain this quarter

The GDI v GDP disconnect (see ToT shock below)

ToT shock

Nominal GDP Growth ... still slowing

Are households feeling poorer?

Savings rate slowing ... consistent with households feeling poorer