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"What is shows is that US held its elevated fiscal deficit for long enough to support a stronger return to growth "So increased savings resulted in more growth... hmmmmmm
"One can argue that the fiscal deficit came down too rapidly in the US, which is why income growth remains sluggish, "How can a YoY marked reduction in savings negatively impact income growth?And as far as income growth "remaining sluggish" here:http://www.bea.gov/newsreleases/national/pi/2014/pdf/pi0814_hist.pdfUp 22% in 5 years since 2009... ????
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"What is shows is that US held its elevated fiscal deficit for long enough to support a stronger return to growth "
So increased savings resulted in more growth... hmmmmmm
"One can argue that the fiscal deficit came down too rapidly in the US, which is why income growth remains sluggish, "
How can a YoY marked reduction in savings negatively impact income growth?
And as far as income growth "remaining sluggish" here:
http://www.bea.gov/newsreleases/national/pi/2014/pdf/pi0814_hist.pdf
Up 22% in 5 years since 2009... ????
Post a Comment