15 lines
1.5 KiB
JSON
15 lines
1.5 KiB
JSON
{
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"HubID": "4745",
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"Date": "9/22/2024",
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"HubTags": [
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"External Platform Posts",
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"Future Map Forward Guidance",
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"Future Map"
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],
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"Contacts": "",
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"Companies": "",
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"File": "",
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"Image": "4745__Image_URL.jpg",
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"Summary": "<p>This chart shows long-term net U.S. savings, which is net of cash savings and federal debt. It does not include state or local government debt. Interesting how foreigners net savings began to show significant contributions starting int h early 1980's. The only time when net savings by U.S. was negative was during the great financial crisis, then briefly during COVID and most recently again it has solidly turned down. The recent negative U.S. savings (not including foreigners) is as a result of the sharp rise in government deficits, where private net savings has been unable to offset. If/when foreigners stop accumulating savings in the U.S., then we have to rely more on government deficits, we have lower investment capacity to fund growth and stimulate our economy, our national wealth goes down and interest rates generally have to rise to attract capital. Given our massive government debt, we will have great difficulties supporting our spending through more debt. As a result, a big reckoning is coming for our economy because of our massive debt and a stagnant economy with no big growth engine to power us through our economic imbalances (at least not yet, but one is likely coming, however maybe not in time before our financial reckoning hits).</p>",
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"Notes": ""
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} |