Tuesday, January 27, 2009

Savings Is Ticking Up

Click for a larger image



The good news is people will be better able to withstand hard economic times. The bad news is the economy needs people to spend.
Posted by Hale Stewart at 1/27/2009 11:45:00 AM

2 comments:

Anonymous said...

The bad news is that the Fed will take action against savings to force consumption because "the economy needs people to spend".

January 27, 2009 at 3:20 PM
olephart said...

Unsustainable consumptive spending coupled with irresponsible private debt and a lawless financial community brought us to this point. It would seen to be the height of folly to suggest that unsustainable consumptive spending coupled with irresponsible public debt would be the solution to our woes. What the economy is trying to tell us, if we would listen, is that a different economic paradigm needs to be brought forth to put things right. We need more production, less consumption, more savings, less debt, higher taxes and a government that will foster public investment in infrastructure and education and create a favorable matrix for alternative energy.

January 27, 2009 at 6:05 PM

Post a Comment

Subscribe to: Post Comments (Atom)