My piece on bank reform will have to delay until Monday evening. I am still working on it. Tonight’s piece is on entitlements and pensions globally and locally. I ... [Link]
Chers lecteurs, mon temps et mon énergie sont comptés et j'ai envie de parler de trois sujets, mais ne peut dans l'immédiat en traiter qu'un. Quelles sont vos préférences? J'hésite ... [Link]
Critical thinking helps in any field. I have the pleasure of participating in a discussion list that explores many issues where critical thinking is a focus. The members have a ... [Link]
M is for Managing Director:Crafty, elusiveKowtows to clients; but to juniors abusiveSleek and well-groomed, heSwans about like a divaSteal clients or credit?He attacks with a cleaverPompous, self-loathingHis wife and kids ... [Link]
You’ve got to hand it to President Barack Obama’s expected Fed picks - they have some strong consumer credentials. Peter A Diamond co-wrote a book with Peter Orszag, now OMB ... [Link]
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January 12th, 2010 at 12:33 pm
Even worse when looking at net savings (after depreciation).
January 12th, 2010 at 3:12 pm
The harder question is how well the savings are used. Mercantilism forced a lot of national savings, as did Communism in Russia, China now, and Japan in the 1980s. Savings can be wasted if people with a profit motive don’t use the savings to a good end.
January 12th, 2010 at 3:52 pm
look out everyone, asia’s empty cities and malls are going to propel them to rule the world…or should i say, Rube the world.
January 12th, 2010 at 4:49 pm
Agree with David. But not much evidence U.S. savings were used wisely. On a mark to market, the situation must be even worse than indicated by the negative net saving rate.
January 13th, 2010 at 4:05 am
The good news is that this indicator will improve if our GDP tanks.
January 21st, 2010 at 1:56 am
In the late 19th century, the savings of western Europe financed American investment. Europe was the developed country and America the developing country. Amazing to think that we have failed to generate substantial savings of our own on the basis of that investment, and still rely on foreign savings to finance American consumption. Amazing too that in an inversion of the normal situation, a lot of the savings on which we rely come from a developing country, China.