.crazylegs..

Personal Income and Spending: Saving is the New Trend (Again)

higher savings = lower consumption. very simple. that's why japan's economy is so bad. they save too much, we spend too much. maybe a happy medium somewhere in between is the answer. my fear is that folks memories are short and when they have the ability to borrow, borrow, borrow again, they will. i just hope that lenders act rationally and don't diminish credit standards the way they did over the last several years.