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So if revenues are increasing for companies that trade in the cheapest consumer goods, and personal savings rates are increasing, wouldn't that more likely indi
by brailsafe 4y ago
So if revenues are increasing for companies that trade in the cheapest consumer goods, and personal savings rates are increasing, wouldn't that more likely indicate a widening gap?
- ethn 4y agoAll of retail is not the cheapest goods. From Disney to Roblox revenue is up. Savings rate is decreasing not increasing.
- brailsafe 4y agoOh I see. But if savings rate is decreasing, wouldn't that also likely be a short term effect that retracts when people realize they can't save as much while spending what they normally would?
- ethn 4y agoShouldn’t occur in a positively inflationary recession. That is behavior that we would expect in a deflationary recession like the prelude to the 2008 period, 2007. If it goes to around 4%, I will start worrying.