Unlike the 99.9777 Americans, at least Fyou has an opinion.
I might not agree with what he says all of the time, if fact I might not agree with what he say most of the time, but I will defend to the death his right to say it.
American savings rate now at a negative .06%...wonderful...welcome to the American Peso. Aviation fuel jumped .22% in one day. New Orleans under water. Deficit is crazy, and one out of four Americans will still die from cancer.
Don't want to be holding stocks the next year or so. Especially this rag that stinks to high heaven.
The bear that is roaring is going to be ugly for sure.
You may or may not know that the computation of the savings rate does not include IRAs, 401ks or social security contributions. Before the advent of such tax favored savings vehicles the American rate of savings ranged between 4 and 11% traditionally. It is probably much the same now when the above is factored.