Household Saving: Part One Million

Janet Yellen made waves last night, as she was very negative on the US consumer. She said this in her speech ," I also think that a massive shift in consumer behavior is under way—one that will produce great benef its in the long run but slow our recovery in the short term." Through Yellen's speech, I would like to re-iterate this for the millionth time ( here , here , here , etc.): the operating word in this quote is "think", because nobody knows whether consumer saving will going back t

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