This chart may help explain a return to a stronger labor market. In blue is the personal savings rate (% of PDI) & the amount of people unemployed (orange).
As savings are used up, people may look to employment for additional capital to support their living.
Rolling 2yr-r = 83%
Quick one here, given the world looks set to resume it's ludicrous experiment with negative rates in order to spur "growth" and encourage spending.
I thought it was only reasonable to see what effect the past decade of ZIRP (Zero Interest Rate Policy) has had on the personal savings rate.
Before we begin, i understand that the fed funds rate is not the explicit...
