“The investor who says, ‘This time is different,’ when in fact it’s virtually a repeat of an earlier situation, has uttered among the four most costly words in the annals of investing.”
United States Personal Savings ( USPS ) with the 100 EMA trend line . Since April 2020 spike, due to the 'stay at home' Covid year, savings are in a downfall. The trend line , now trending down again, was trending up since around April-May 2008.
Whois gonna buy all those Model Y's, iPhone 14's/13''s/11's, and assorted GPUs for strip mining Klepto Coins?
Apparently - far fewer now.
A 90% collapse in the Personal Savings Rate...
Not Bullish.
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Consumer Credit expansion is Historic.
The total savings in US accounts as a percentage of disposable personal income saw an incredible spike during the lockdowns as "helicopter money" and "stimmy checks" flooded the bank accounts of consumers, fueling an awe-inspiring comeback in retail sales. Unfortunately, however, the data shows that not only is all of this stimulus money gone (along with the...
