2 ms·
It's a few points, but consumers confidence is low and debt is _really_ high, saving rates are excruciatingly low (especially when compared to developing econom
by orwin 8mo ago
It's a few points, but consumers confidence is low and debt is _really_ high, saving rates are excruciatingly low (especially when compared to developing economies).
If I had to bet, US growth should be driven by AI investment, high-earner spending and net exports (a bit like China). Being a net exporter basically mean suppressing workers wages, so that tracks.
If tariffs are stopped all at once without being careful about it, I'm a bit wary of the chain reaction. We might see negative growth for a quarter (temporarily), but since the economy is vibe-based these days, that could end up really bad.
- ta9000 8mo agoSavings rates are higher in developing economies because there are fewer social safety nets.
- lubujackson 8mo agoGood thing we don't have to worry about a lack of social safety nets in the U.S.....
- orwin 8mo agoEurope would disagree. Also past US would disagree. The issue I have with US saving rate is that the last time they were this low was 2005-2007.
- deleted 8mo ago[deleted]
- bamboozled 8mo agoSaving rates are huge in Japan and they have great social safety nets.
- deleted 8mo ago[deleted]