The Spending Component of the Personal Income Released in Error

Steve Kanaval |

The Spending component of the Personal Income and Spending Report was released early, it is +0.3%, as was forecast. It is supposedly the only part of the Report that was released.



“There has been an inadvertent release of some of the BEA’s personal consumption expenditure date for November as well as for previous months,” agency spokeswomen Jeannine Aversa, said in an emailed statement. “BEA will take steps to ensure that this does not happen again and will take all appropriate action to safeguard economic data.”

This had little effect on the markets. Understand that economic numbers embargoed by the Federal Reserve can be released in error. This also happens with public companies. It can also happen to you when you send an internal email - so beware.

We live in an information driven society..mistakes happen. Happy Holiday to you and your family


DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Broadway Gold Mining Ltd.

Broadway Gold Mining Ltd is engaged in the exploration of mineral resources. The Company owns a 100% interest in the Madison Gold and Copper Mine located in Southwestern Montana.

Private Markets

Mesa-Marshall 2 Well Project

MESA Resources ("MESA") is sponsoring the development of the two well direct drilling project -- "Mesa-Marshall #1-2". MESA, founded in 1992, is engaged in the acquisition, exploration and development of…

CF0005, LLC dba Mesa-Marshall #1-2

MESA Resources, Inc. ("MESA") is sponsoring the development of the oil & gas well completion project "Mesa-Marshall #1-2". MESA, founded in 1992, is engaged in the acquisition, exploration and development…