>"The higher savings rate, we believe, has had disinflationary impact, driving the relatively slow growth and low inflation in this recovery," wrote an analyst

>"The higher savings rate, we believe, has had disinflationary impact, driving the relatively slow growth and low inflation in this recovery," wrote an analyst for Raymond James, observing that younger people are "saving instead of purchasing like last generation, limiting demand growth." this is what the constant specter of economic instability causes people to do. stash money under the bed, defer big purchases, and refuse to buy things that are not necessary for life. then, when the economy worsens, people feel like they are at least a little bit more prepared. the trick, of course, is that the actions taken to respond to their feelings of instability are more likely to cause a recession. overall, the liberal-capitalist response to the outcry of the young public has been "shut up, get a job, consume more, be more competitive" -- and it will be just as tone deaf and infuriating in the coming recession as it has been since before the last recession.