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Piggy bank, savings rateHere's a silver lining to that dark cloud some folks are calling the worst economic environment since the Great Depression: the savings rate is up.

Nervous about the other shoe dropping, Americans are stashing away extra funds for a rainy day. In large part, cash collected from bonus payments, cost-of-living raises, or holiday gifts were saved rather than spent in January, lifting the personal savings rate to its highest since March 1995, at 5.0%. Just last year, the personal savings rate was hovering at an unimpressive 0.1%. From the 1950s through the early 1980s, however, the savings rate was closer to 10%. Viewed on an annual basis, the personal savings rate hit a new record of $545.5 billion.

Continue reading Savings rate hits 14-year high

Savings rate hits 14-year high originally appeared on BloggingStocks on Mon, 02 Mar 2009 14:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>consumer spendingConsumerSpendinginthenewspersonal savingsPersonalSavingsrecessionsavings rateSavingsRateMon, 02 Mar 2009 14:20:00 EST<![CDATA[Is the U.S. in a 'growth recession'?]]>http://www.bloggingstocks.com/2007/11/21/is-the-u-s-in-a-growth-recession/http://www.bloggingstocks.com/2007/11/21/is-the-u-s-in-a-growth-recession/http://www.bloggingstocks.com/2007/11/21/is-the-u-s-in-a-growth-recession/#commentsFiled under: , , , , , , , ,

There's an old Wall Street adage that goes, "Sometimes the Street's chorus is a chorus of two."

And there's perhaps no better example of that than the current debate over the strength of the U.S. economy. Professionals in the Concrete Canyon have been amassing on either side of two camps for months: "The U.S. economy is headed toward recession" or "The U.S. economy will continue to grow."

Still, as history demonstrates, and contrary to the current 'chorus' on Wall Street, sometimes there are more than two options. For example, what if the U.S. economy is headed toward a growth recession? I.E. a protracted period of sub-trend GDP growth.

Continue reading Is the U.S. in a 'growth recession'?

Is the U.S. in a 'growth recession'? originally appeared on BloggingStocks on Wed, 21 Nov 2007 18:27:00 EST. Please see our terms for use of feeds.

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