Money Supply and Economic Data Weekly Watch – Not All Savings Is Good Savings
Savings increased but for the wrongs reasons The personal savings rate in October was estimated to be 2.4% which was an increase of 1.4% from September’s savings rate. Normally, during periods of rising unemployment and increasing economic hardship the personal savings rate declines because some households spend more than they earn. When consumers are confident about […] [read full story]
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