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Personal savings in U.S. drop to 74-year low
- Thread starter niceneasy
- Start date
Personal savings/income numbers are skewed by the growing black (cash) market.
Quote from bsparkyman:
Personal savings/income numbers are skewed by the growing black (cash) market.
Yeah, and they don't cound certain investments as savings. Most folks I know keep only enough money in the bank to tide them over until they could sell investments in times of emergency. Is the typical savings account even keeping up with inflation?
SM
Quote from niceneasy:
http://www.theglobeandmail.com/servlet/story/RTGAM.20070201.wussavings0201/BNStory/Business/home
something stinks!
So what does that mean? Could it mean that the feds are going to raise the interest rates so people will put their money into a saving account such as a high interest CD?
Quote from biologymajor:
So what does that mean? Could it mean that the feds are going to raise the interest rates so people will put their money into a saving account such as a high interest CD?
Eventually...thats another way to think of the mechanism they use to slow the economy. This implies that right now, they think there is just enough money out there circulating. Interesting...
Probably the most useless stat that the govt releases.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=80605
http://www.elitetrader.com/vb/showthread.php?s=&threadid=80605