The summary from these ten reports below: Increased spending achieved via growth in consumer credit and reduced savings as income declines in real terms. Weak economic growth and from the jobs data lots of part time low skilled service jobs being created. Non standard monetary measures are working in that they are helping to sustain spending via credit growth and this is creating short term jobs as business investment continues to be weak. Business investment is weak for a hole host of reasons as we went through a few weeks ago. But its also weak as very few business leaders believe in the sustainability of this “recovery”.
& Here some regular reports from WF.
WF-Consumer Credit October_12062013
WF-PersonalIncandSpend_12062013