[Genuine Realist]

Realist and I must be looking at different facts:

[tweet]https://twitter.com/ScottGottliebMD/status/1276698852448522240?s=20[/tweet]

[tweet]https://twitter.com/ObsoleteDogma/status/1276577943930707969?s=20[/tweet]

[tweet]https://twitter.com/MarkkuPeltonen/status/1276266460151767043?s=20[/tweet]

[tweet]https://twitter.com/bopanc/status/1264303240180572161?s=20[/tweet]

I didn't take a position. I posted three links with different perspectives, one of which noted the dismal state of the Swedish economy. Be a little less trigger happy.

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In the US, the personal savings rate was running 7-8% prior to the pandemic.  In March, it jumped to 13% and in April to 33%.  The April numbers would include a lot of the stimulus payments.

We should get the May number soon, and it will surely be higher than the levels previously.  Federal fiscal programs will need to be implemented in targeted, surgical fashion in order to be effective.  The reopening will not proceed as quickly or as safely as necessary to disgorge enough savings from the super savers to get the economy back to an acceptable level.

The increased saving rate is to some extent reflective of decreased opportunities for consumer spending, e.g., reduced travel, recreational spending, dining out, etc. That's certainly true in my own case.

[Genuine Realist]

Realist and I must be looking at different facts:

[tweet]https://twitter.com/ScottGottliebMD/status/1276698852448522240?s=20[/tweet]

[tweet]https://twitter.com/ObsoleteDogma/status/1276577943930707969?s=20[/tweet]

[tweet]https://twitter.com/MarkkuPeltonen/status/1276266460151767043?s=20[/tweet]

[tweet]https://twitter.com/bopanc/status/1264303240180572161?s=20[/tweet]

I didn't take a position. I posted three links with different perspectives, one of which noted the dismal state of the Swedish economy. Be a little less trigger happy.

---

In the US, the personal savings rate was running 7-8% prior to the pandemic.  In March, it jumped to 13% and in April to 33%.  The April numbers would include a lot of the stimulus payments.

We should get the May number soon, and it will surely be higher than the levels previously.  Federal fiscal programs will need to be implemented in targeted, surgical fashion in order to be effective.  The reopening will not proceed as quickly or as safely as necessary to disgorge enough savings from the super savers to get the economy back to an acceptable level.

The increased saving rate is to some extent reflective of decreased opportunities for consumer spending, e.g., reduced travel, recreational spending, dining out, etc. That's certainly true in my own case.