Will US Savings Collapse?
Savings drive investment which drives economic growth. Will fake Fed money replace it? No.
(From Bloomberg)
…intense downward pressure is now building on already sharply depressed domestic saving. Compared with the situation during the global financial crisis, when domestic saving was a net negative for the first time on record, averaging -1.8% of national income from the third quarter of 2008 to the second quarter of 2010, a much sharper drop into negative territory is now likely, possibly plunging into the unheard of -5% to -10% zone.
http://www.againstcronycapitalism.org/
Source: https://www.ac2news.com/2020/06/will-us-savings-collapse/
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