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Celcius » Comments » DXD
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Why There Will Be No Recovery and Markets Will Trend Lower [View article]
"China's population has a savings rate of 40%. " &
"In China the consumer provides for their own health care, retirement etc."
This is exactly what we need here. Get the government out of healthcare and retirement and our savings rate will dramatically increase.
Our government should also consider making the interest gains from CD's tax free. This would provide the savings for commercial bank lending. It's a win/win incentive.