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Politics : Politics for Pros- moderated
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To: Brian Sullivan who wrote (760)5/9/2003 2:29:47 PM
From: KyrosL  Read Replies (1) of 794170
 
I don't know. These are numbers as reported by the Fed and discussed by economists like Roach. One of his reports a few days ago pegged the combined US savings rate that includes government and private savings at a bit more than 1% (1.3% if memory serves). Private savings in the US have recovered from a couple of years back when they were hitting all time lows, close to 0%, but government turned from a surplus back then to hefty deficit now, so the total US savings are plumbing all time lows.
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