Thread: What the Jump in the U.S. Savings Rate Really Means

Debt Deflation in America
What the Jump in the U.S. Savings Rate Really Means


by Michael Hudson
Global Research, June 29, 2009


Happy-face media reporting of economic news is providing the usual upbeat spin on Friday’s debt-deflation statistics. The Commerce Department’s National Income and Product Accounts (NIPA) for May show that U.S. “savingsâ€