The Other Side Of The Savings Coin 2
What good is a couple of quarters of great GDP numbers due to pent up demand, if incomes don’t recover? We are only storing up problems for the future.
What good is a couple of quarters of great GDP numbers due to pent up demand, if incomes don’t recover? We are only storing up problems for the future.
Mainstream narratives believe that savings and expenditure are two sides of the same coin. What if, instead of it being a two sided affair, it’s a trinity?
Bank reserves have exploded higher because of the Fed’s QE. This explosion in reserves, has not, however, led to a corresponding explosion in GDP growth rates.