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Source:
To Spend or to Save? Trick Question
DAVID LEONHARDT
NYT, February 10, 2009

http://www.nytimes.com/2009/02/11/business/economy/11leonhardt.html

Category: Digital Media, Economy

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “Struggling to Save”

  1. wally says:

    A clear picture, I think, showing that much of what was perceived as boom times in recent years was really borrowing from the future. Now we are moving into the future… what we see now as a slump is really a return and readjustment. Too many cars, too many houses, too much of everything… then, suddenly we don’t need it all anymore. But all our investment was based on that notion that it was a sustainable reality, so there will be pain.
    And the government and leading economists want us to borrow more to keep it going.

  2. Hope springs eternal.

    I think if you could overlay the recessions that chart would show that they all caused people to pull back and save more. All but 2001 but that was a strange recession anyway. Kind of a plastic one. No real shoe leather on that one. So what is the relationship between the savings rates and recessions?