Wall Street Breakfast: Must-Know News [View article]
The futures are responding unfavorably to the Citi news but they should have known what was to unfold. This is exactly the problem with the piecemeal approach being followed by Treasury.
Savings, Consumption and the Economy: 'Lord, Make Us Thrifty, But Not Yet' [View article]
The present course cannot be sustained and the consumer must retrench.
Initially, savings will be use to retire credit card and equity debt.
Longer-term, we can hope that the increased savings will provide consumers a cushion, a means of retirement and additional funds for investment within the US.
A structural change in our economy is both required and needed.
Wall Street Breakfast: Must-Know News [View article]
Savings, Consumption and the Economy: 'Lord, Make Us Thrifty, But Not Yet' [View article]
Initially, savings will be use to retire credit card and equity debt.
Longer-term, we can hope that the increased savings will provide consumers a cushion, a means of retirement and additional funds for investment within the US.
A structural change in our economy is both required and needed.