<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Mike Knows Short Sales &#187; personal finance</title>
	<atom:link href="http://mikeknowsshortsales.com/tag/personal-finance/feed/" rel="self" type="application/rss+xml" />
	<link>http://mikeknowsshortsales.com</link>
	<description>Just another WordPress weblog</description>
	<lastBuildDate>Thu, 10 Mar 2011 03:08:00 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.0.2</generator>
		<item>
		<title>Savings Rate At a 15-Year High</title>
		<link>http://mikeknowsshortsales.com/savings-rate-at-a-15-year-high/</link>
		<comments>http://mikeknowsshortsales.com/savings-rate-at-a-15-year-high/#comments</comments>
		<pubDate>Mon, 03 Aug 2009 14:56:05 +0000</pubDate>
		<dc:creator>Mike Ouellette</dc:creator>
				<category><![CDATA[Short Sales]]></category>
		<category><![CDATA[commerce department]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[personal finance]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[savings rate]]></category>
		<category><![CDATA[unemployment]]></category>

		<guid isPermaLink="false">http://mikeknowsshortsales.com/?p=48</guid>
		<description><![CDATA[The Commerce Department says personal income in May rose 1.4%, the biggest gain so far in the year. The rise in income didn&#8217;t translate fully into spending. Consumer spending rose only 0.3% in May, a rise for the first time in the last 3 months while savings rate jumped to 6.9%, the highest since December [...]]]></description>
			<content:encoded><![CDATA[<p>The Commerce Department says personal income in May rose 1.4%, the biggest gain so far in the year. The rise in income didn&#8217;t translate fully into spending. Consumer spending rose only 0.3% in May, a rise for the first time in the last 3 months while savings rate jumped to 6.9%, the highest since December 1993. &#8220;Consumers are starting to return to malls to spend a little more as they think we&#8217;re through the worst,&#8221; said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi.</p>
<p>Analysts believe a sustained recovery in consumer spending is likely only after unemployment eases. &#8220;The recession is ending. Still, purchases are likely to be modest until the job losses ease and companies start hiring,&#8221; said Rupkey. Increasing job losses led to 0.1% drop in salaries in May. Retailers believe consumer spending will not rise to any significant extent in the near-term. David Dillon, Chief Executive Officer of Kroger Company, a grocery chain, said: &#8220;Shoppers remain cautious in this economy, and we do not anticipate that changing anytime soon.&#8221;</p>
]]></content:encoded>
			<wfw:commentRss>http://mikeknowsshortsales.com/savings-rate-at-a-15-year-high/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

