Savings rate falls to 0%

Trend Fader · Aug 2, 2005

http://www.marketwatch.com/news/sto...89F-441B-BA3B-4CFDC93DD312}&siteid=mktw&dist=

For the short term.. its good.. lol

But for the long term.. this is a joke.. USA is in big trouble...

TGregg · Aug 2, 2005

Zero savings rate? Woo hooo, new highs on the way.

Ripley · Aug 2, 2005

There is no incentive to save when money is so damn cheap.

Trend Fader · Aug 2, 2005

Quote from TGregg:

Zero savings rate? Woo hooo, new highs on the way.

Just wait until the housing markets start to cave in.. and US will be at negative savings rate.. lol

prt_systems · Aug 2, 2005

Quote from Trend Fader:

http://www.marketwatch.com/news/sto...89F-441B-BA3B-4CFDC93DD312}&siteid=mktw&dist=

For the short term.. its good.. lol

But for the long term.. this is a joke.. USA is in big trouble...

or maybe its a confidence indicator ?

I have not done a study but it sure seems like everytime I hear the savings rate hits a new low we run into a period of expansion .... coincidence ?

Steelhead · Aug 2, 2005

Quote from Trend Fader:

Just wait until the housing markets start to cave in.. and US will be at negative savings rate.. lol

my friends in laguna niguel who have made 600k on their home and spent it keeping up with the jonses and their new ford excursions every year will be in big trouble

whats even more funny is some people in so. cal have sold their home for say 1.3m to take cash out buying 900k home are gettin a much higher tax base because the first home they paid 400k for

TGregg · Aug 2, 2005

There was a thread in Econ about mobile homes that were selling for over a million.

bladerunner · Aug 2, 2005

americans better start learning mandarin; the chinese will be their new masters.

risktaker · Aug 2, 2005

Yup! What a shame.

Quote from bladerunner:

americans better start learning mandarin; the chinese will be their new masters.

Sophomore · Aug 3, 2005

I hear a lot of the rich folk already are (or at least they're making their children do it.)