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Grand Experiment Failure; Bankers Prefer Bubbles; Europe is not USA; Final Epitaph - Mish - Global Economic Analysis

Mish says "There will be a trend reversal in the US back towards the norm on savings" and "The savings rate in the US has only one way to go and that is up."

And what norm might that be? How about the present 4.4 percent. More and more retirees spending their savings.
Where are the jobs going to come from to boost savings? Not McDonalds.

Looks like you can rule out sooner to me.

Commented 3398 days ago

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Beginning of the headline :Lower Interest Rates May Reduce Consumption Saxo Bank CIO and chief economist Steen Jakobsen made a few comments the other day that hit me in the face like a bucket of ice water. Here they are again, taken from Steen Jakobsen Warns "Euro is Not a Good Idea and ECB About to Make Biggest Mistake in History" Jakobsen says success stories like the three QE Federal Reserve (Fed) cannot be extrapolated to the Eurozone. His reason? The US is a net debtor and falling interest rates affects internatio... Read More

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