Temporary Savings Rate Uptick or Long Term Shift?
June 30, 2009
Market Folly submits:
We wanted to post up this chart courtesy of Paul Kedrosky which illustrates a ‘black swan of U.S. savings.’ As you can see at the bottom, the savings rate in America has been paltry. At best, it has steadily declined over the last 20 years.
However, the massive recession we’ve seen has made people [...]
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