Consumer Conditions Continue to Deteriorate

2015 Household-Income Boost Reflected New Surveying of
IRA Withdrawals and Census-Gimmicked Interest Income

Consistently Surveyed, 2015 Household Income Remained Shy of
Its Level at the 2009 Trough of the Economic Collapse and
Held Below Levels of the Late-1980s and-Early 1970s

Real Consumer Credit (Ex-Student Loans) and Household-Sector Debt Outstanding
Are Down Respectively by 13.7% (-13.7%) and 12.6% (-12.6%) from Pre-Recession Peaks

August 2016 Annual Inflation Firmed by 0.2% to 0.3%, with
CPI-U at 1.1%, CPI-W at 0.7% and ShadowStats at 8.7%

August Real Retail Sales Plunged by 0.5% (-0.5%) Month-to-Month, with
Annual Growth at a 30-Month Low, an Intensifying Recession Signal
August Real Earnings Fell by 0.3% (-0.3%)

Markets Increasingly Seem to Anticipate a Rate Hike