Friday, March 30, 2012

U.S. Economic Imbalances Recovering

The U.S. economy may be recovering, but its imbalances are also recovering as evidenced by the fact that the household savings rate fell to 3.7% in February, down from the roughly 5% seen in 2010 and 2011, and the lowest since January 2008 (and briefly again August 2009, but it was a percentage point higher both the month before
and after).


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