Friday , 29 March 2024

Tag Archives: bank defaults

10 Reasons We are NOT Undergoing a Cyclical Recovery

This is NOT a business cycle: this is a one-time reversal of twenty years of inflation of the household balance sheet. An aging population needs a 10% savings rate (at least) to meet minimum funding requirements for the biggest retirement wave in US history but, instead, with 17% effective unemployment, many Americans are dis-saving. Words: 332

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