savings rate Archive

Bloomberg- Millionaires’ Ranks Grow 14%

govt deficits = ‘non govt’ savings: The recovery in wealth last year was a result of resurgent financial markets and increased savings, the report said. The Standard & Poor’s 500 Index rose 20 percent in 2009 and the U.S. savings rate averaged 4.2 percent compared with 2.6 percent a year earlier. >    ...Read More

savings rates, growth, and struggling green shoots

[Skip to the end] So in the US the high savings rate is hurting growth, and in South Africa the low savings rate is hurting growth. Next thing they’ll be saying is economies should not have a savings rate in order to have optimal output and employment… Did I say they don’t ...Read More