Will Higher Savings Propel the Economy? Maybe Not
To Larry Summers, today’s trove of saved-up cash will juice consumer spending. TS Lombard is skeptical, due to the persistent virus.
Tag: consumer spending
Market Moves
Will Pent-Up Consumer Demand Really Supercharge the Economy? Uh-uh, Economist Warns
Stephen Roach: A lot of consumer spending already has occurred and the federal aid package will be just a temporary boost.
Strong 2nd Quarter GDP Growth Was an ‘Outlier,’ Noted Economist Says
Pantheon’s Ian Shepherdson says tax cuts spurred 4.1% increase, and he thinks future readings will be lower.