The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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From: LTK007	8/8/2008 2:11:53 AM
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Nations savings worst than we think,no? If my logic is right, the National saving of 392 dollars is a ludicrous figure. i am looking a NYT figures from July 20th, 2008. It gives the AVERAGE household debt as 117,951 with savings rate of 392 dollars. But let's look at this differently. 24% of U.S.HouseHolds have zero debt(i am luckily one of them) Now let's remove that 24% and see what the average household debt for the rest is, and well, that comes to 146,000dollars rounded. But wait that 392.00 savings rate is per annum is a national average. But we have no per annum savings figure for that 24% without debt!! The data is incomplete but bottomline we can see the other 76% are quite significantly into negative savings NOW. The 24% simply can NOT carry this economy, is not possible, imho.Max

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