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whidbey is a
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"We are moving from a period of excess global savings to a period of shortage (not just the economic cycle, the demographic surge in retirees in Japan and Europe, and soon in the US, means investments are being drawn down rather than accumulated)"
Nov 05 17:51 pm
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All Comments by whidbey »Obama Honeymoon Likely To Be Cut Short By Bond Market [View article]
Will ,maybe if interest rates rise sufficiently new behaviors can be learned. With sufficiently high interest rates even the young can learn to save money, of course, they will not want to be taxed on their interest or they will just consume the surplus, or hide it, or maybe not work (back bending demand curve?). It is a serious issue for the new President to ponder as he plans higher taxes, more domestic spending and international sharing of the wealth.