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Topic: Americans' savings rate reveals more
about the election than this debate |
Americans' savings rate reveals more
about the election than this debate
Investor's Business Daily, by Andrew Malcolm
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Original Article
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Posted By:SurferLad, 10/2/2012 9:23:31 AM
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| This morning most of the nation's political attention is focused on tomorrow night's presidential debate in Denver. The next 36 hours will see a surplus supply of suggestions, pontifications and predictions about the rhetorical confrontation [Snip] Individual debates have rarely played a major determinative role in presidential elections over the last 52 years. The first debate of each general election season is usually great for TV ratings. But anyone seeking insight into the Nov. 6 outcome could do better to look at more profound underlying factors. Take the Squirrel Indicator.
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Reply 1 - Posted by:
revdeppisch316, 10/2/2012 9:32:59 AM (No. 8903910)
Saving yes-- Spending or Investing in ammo--YES!
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Reply 2 - Posted by:
GreatGreyhounds, 10/2/2012 9:39:24 AM (No. 8903924)
I almost have Mrs Greyhounds convinced to buy that new reloading press...
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Reply 3 - Posted by:
Mr. Know-It-All, 10/2/2012 9:55:56 AM (No. 8903947)
When you examine all of the indicators outside of "who will you vote for", nothing looks good for zippy. Confidence down, wages/family income down, labor participation down, is-the-country-heading-in-the-right-direction impressions negative. All those things should have zippy clearly on the ropes.
So what's with these tight polls? Polling bias? Or as this article suggests, the Wilder effect on a national scale?
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Reply 4 - Posted by:
earlybird, 10/2/2012 10:07:19 AM (No. 8903974)
I takes Andrew a while to get to the part about savings:
To guess at how people might vote in 35 days, look at how they're behaving: Like squirrels.
Americans' savings rate has soared. Faced with Obama's failures and ongoing financial and political uncertainties, we've been pouring a record amount of our money not into purchases or investments to spur growth, but into insured savings accounts perceived as safer. Despite their abysmally low interest rates.
As a people, we've not been famous for diligently saving, in part, because of our perennial national confidence that even better times were coming for sure. Not anymore. The Fed counted a 5% jump in money squirreled away in savings accounts last spring, totaling nearly $7 trillion, the highest in nearly seven decades of such records.
People now have an aversion to risk.
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Reply 5 - Posted by:
a6bump, 10/2/2012 10:09:53 AM (No. 8903980)
#2: Primers have become very expensive.
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Reply 6 - Posted by:
JimJr, 10/2/2012 11:18:34 AM (No. 8904135)
Keep investing in metals.
Gold
Silver
Lead
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Reply 7 - Posted by:
logiclogger, 10/2/2012 11:47:11 AM (No. 8904201)
Somewhat related but Romney has always encourgaged greater savings and proposed long ago that savings interest not be taxable.
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Reply 8 - Posted by:
craige, 10/2/2012 3:12:23 PM (No. 8904753)
2014 or 2018 (depending on who wins), things will get better. Eventually, even sheep will figure things out.
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