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View Diary: Morning Feature: Animal Spirits, Part III - Saving, Stock Prices, Real Estate, Minority Poverty (79 comments)

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  •  I think recent events don't bear out with #5 (5+ / 0-)

    or rather your interpretation.

    Savings rates by individuals have been oppositte to what you suggest. Now that we are in the midst of depression people are saving again. When equity in our houses was skyrocketing people were spending like drunken sailors.

    •  The recent trends may be too recent ... (7+ / 0-)

      ... to be stable enough as trends.  Or it may be that we're willing to save to avoid imminent risks - if we sense we may lose our jobs next week or next month - but less willing to be frugal long-term given the long-term risk of being wiped out by an ordinary but not imminent bad event.  Or I might simply be wrong.  It wouldn't be the first time.... :)

      Good morning! ::hugggggggggs::

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