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Erosion in the M2:M1 Relationship and the Burgeoning Eurodollar Bubble [View article]
A lot of people has to save money to pay back their mountain of debts and reduce their interest liability, not to save into a bank.
On Nov 10 12:40 PM ryanclarke wrote:
> The author wrote ,"GDP isn't swelling. We have to start saving."
>
>
> My response is, "why should average U.S. Joe save money and stick
> it in a savings account at a bank when the bank pays an interest
> rate of about 1% ? "