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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: russwinter	12/1/2005 8:38:27 AM
	Read Replies (2) of 110194

Interesting that negative personal savings, is now being considered and treated as the norm, right along with 12% of GDP twin deficits. Put on the rally hats <ng>. Personal saving -- DPI less personal outlays -- was a negative $61.5 billion in October, compared with a negative $70.9 billion in September. Personal saving as a percentage of disposable personal income was a negative 0.7 percent in October, compared with a negative 0.8 percent in September. Negative personal saving reflects personal outlays that exceed disposable personal income. Saving from current income may be near zero or negative when outlays are financed by borrowing (including borrowing financed through credit cards or home equity loans), by selling investments or other assets, or by using savings from previous periods.

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