Failed Plagiarist continues to embarrass himself so badly not understanding basic economics and being purposely dishonest.
Example:
Quote:
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And Nov 2001 there a saving of 3.5 ... and Nov 2007 was 2.7 and now Nov 2022 we see 3.1 ... so???
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Cites a few months after 9/11 and literally the run up to The Financial Crisis of 2008 as examples to go "so?" like those were normal times
Sooooo embarrassing ... Failed Plagiarist a total moron confirmed. The average Savings Rate is 8% and saw highs up to 12% under Maga King.
https://www.bloomberg.com/news/artic...nflation-bites
Quote:
Americans’ Savings Rate Drops to Lowest Since 2008 as Inflation Bites
Americans are saving at the lowest rate since the onset of the global financial crisis, underscoring consumers’ willingness to spend even in the face of decades-high inflation.
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So Fail
Failed Plagiarist doesn't understand that the Savings Rate is being destroyed because Americans are spending more money just to sustain their lifestyle and are depleting their savings just to stay afloat. As interest rates go up, the cost of servicing their debt goes up too. Compound this with high energy prices, high inflation for basic needs like FOOD and you have a perfect storm of what is probably going to be a depression as Biden's failed economy sinks deeper into misery.
Failed Plagiarist actually believes Biden's destructive economic policies will get us out of a recession when they created one and will mostly likely create a depression as higher interest rates kick in and Assets come back down to Earth since money won't be cheap and easy to borrow anymore
The party is ending