Comments on: Income/Spending/Savings http://www.ritholtz.com/blog/2009/08/incomespendingsavings/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 16:30:00 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Personal Income Flat, Consumption Up 0.2 Percent in July 2009 « Raw Finance http://www.ritholtz.com/blog/2009/08/incomespendingsavings/comment-page-1/#comment-210111 Personal Income Flat, Consumption Up 0.2 Percent in July 2009 « Raw Finance Sat, 29 Aug 2009 15:07:00 +0000 http://www.ritholtz.com/blog/2009/08/incomespendingsavings/#comment-210111 [...] Peter Boockvar, Equity Strategist at Miller Tabak & Co., LLC, sums it up best:  “Saving is the new cool and having credit card debt is so passe. This transition is not a multi Q process but multi year and it has implications for US economic growth for years to come. Our economy will be for the better though in time as exports and investment eventually pick up the slack as we can better finance our growth with savings and less on debt. Even if consumers wanted to pick up their spending in the face of weak income growth, they can’t as access to credit remains crimped. Credit drove our economy on high speed for 10 years. We’ll get a rebound but it won’t be sustainable until we save more and export more.”  Read Boockvar’s complete post here:  Income Spending Savings. [...] [...] Peter Boockvar, Equity Strategist at Miller Tabak & Co., LLC, sums it up best:  “Saving is the new cool and having credit card debt is so passe. This transition is not a multi Q process but multi year and it has implications for US economic growth for years to come. Our economy will be for the better though in time as exports and investment eventually pick up the slack as we can better finance our growth with savings and less on debt. Even if consumers wanted to pick up their spending in the face of weak income growth, they can’t as access to credit remains crimped. Credit drove our economy on high speed for 10 years. We’ll get a rebound but it won’t be sustainable until we save more and export more.”  Read Boockvar’s complete post here:  Income Spending Savings. [...]

]]> By: Winston Munn http://www.ritholtz.com/blog/2009/08/incomespendingsavings/comment-page-1/#comment-210036 Winston Munn Sat, 29 Aug 2009 02:06:27 +0000 http://www.ritholtz.com/blog/2009/08/incomespendingsavings/#comment-210036 "Credit drove our economy on high speed for 10 years. We’ll get a rebound but it won’t be sustainable until we save more and export more." Or to put it another way: the rebound won't be sustainable until we become China and they become us. “Credit drove our economy on high speed for 10 years. We’ll get a rebound but it won’t be sustainable until we save more and export more.”

Or to put it another way: the rebound won’t be sustainable until we become China and they become us.

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