Comments on: Trimtabs: Americans have stopped saving (?!?) http://www.ritholtz.com/blog/2009/01/trimtabs-figures-out-that-americans-have-stopped-saving/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 20 Mar 2010 13:39:38 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: victorberry http://www.ritholtz.com/blog/2009/01/trimtabs-figures-out-that-americans-have-stopped-saving/comment-page-1/#comment-137584 victorberry Tue, 06 Jan 2009 02:11:55 +0000 http://www.ritholtz.com/blog/?p=14715#comment-137584 How do the idiot "loyal Bushies" over at the Departments of Commerce and/or Labor compute the national savings rate of American families? Do they consider a decrease in the dollar amount of debt as indicative of savings? I don't think home foreclosures and credit card defaults qualify as signs of increased savings. Neither is cashing out 401(k) plans to pay down debts. How do the idiot “loyal Bushies” over at the Departments of Commerce and/or Labor compute the national savings rate of American families? Do they consider a decrease in the dollar amount of debt as indicative of savings? I don’t think home foreclosures and credit card defaults qualify as signs of increased savings. Neither is cashing out 401(k) plans to pay down debts.

]]> By: zachstocks http://www.ritholtz.com/blog/2009/01/trimtabs-figures-out-that-americans-have-stopped-saving/comment-page-1/#comment-136988 zachstocks Fri, 02 Jan 2009 15:59:35 +0000 http://www.ritholtz.com/blog/?p=14715#comment-136988 This is a pretty well known fact. The savings rate has dipped below zero in months past but most recently we are seeing that rate increase. This new trend will likely continue as consumers become more conservative and attempt to de-lever their balance sheet. It should cause a drastic reduction in consumer spending and we are already seeing the process begin. But I believe we are seeing the tip of the iceberg - much more is to come. Zach http://zachstocks.com This is a pretty well known fact. The savings rate has dipped below zero in months past but most recently we are seeing that rate increase. This new trend will likely continue as consumers become more conservative and attempt to de-lever their balance sheet. It should cause a drastic reduction in consumer spending and we are already seeing the process begin. But I believe we are seeing the tip of the iceberg – much more is to come.

Zach
http://zachstocks.com

]]> By: Steve Barry http://www.ritholtz.com/blog/2009/01/trimtabs-figures-out-that-americans-have-stopped-saving/comment-page-1/#comment-136966 Steve Barry Fri, 02 Jan 2009 14:49:12 +0000 http://www.ritholtz.com/blog/?p=14715#comment-136966 agree Barry...and he is always so sure of himself on CNBC. agree Barry…and he is always so sure of himself on CNBC.

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