Leave a Comment

The "Paradox of Savings"
The Bonddad Blog — ... product to decline at an annualized rate of at least 5% in the fourth quarter, the biggest drop in a quarter-century. "The idea that the American family will quickly spend us out of this recession is a fantasy. It won't happen," said Elizabeth Warren, a professor of law at Harvard University who last month was named chair of the Congressional oversight panel tasked with overseeing the distribution of the government's Troubled Asset Relief Program funds. BUT consider this: The flaw of looking at savings as undercutting spending ...