savings – Credit Writedowns

Credit Writedowns

Finance, Economics, and Markets

Why higher US savings won’t save the pandemic-hit economy

More on GDP revisions, personal savings rates and how the sausage gets made

GDP revisions and the US personal savings rate

Fed minutes: How interest income creates a problem for Fed tightening

The failure of the Trump presidency

More on underconsumption and the end of excess demand

Underconsumption and the end of excess demand

Monetary policy is at the end of the line

Internal and external balance

Monetary offset, fiscal determinism and asset bubbles: a Wynne Godley-style mental model for US economic forecasting (wonkish)