Tag Archives: household savings rate
What Needs to Happen Before We See a Big Recovery?
In a Bloomberg article last May, Caroline Baum summed up the economy nicely in a single question: Four-and-a-half years of an overnight rate near zero and aggressive securities purchases by the Fed have succeeded in raising asset prices. The question … Continue reading
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Tagged Arnold Kling, breadwinner jobs, bubble finance, Caroline Baum, creative destruction, household savings rate, Joseph Schumpeter, private domestic demand, PSST theory, real disposable income
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