In this morning's report on personal income and spending, word came that the savings rate (after-tax income less spending) rose from 0.8 percent in August to 1.3 percent in September.
Uh oh - Keynesian economists are not going to stand for any fall in aggregate demand. Bernanke better get those helicopters fueled up. The proletariat isn't obeying orders to continue borrowing and spending.
No comments:
Post a Comment