Personal savings rate has been revised from 2.9% to 4.9% for August – recession cancelled
    byu/im____new____here inwallstreetbets



    Posted by im____new____here

    16 Comments

    1. TrumpsCheetoJizz on

      I don’t know. I just left my shift behind the wendys dumpster and holy smokes, there’s like 100 dudes fighting over a few dicks.

      Felt like a P Diddy freak off

      Smh what does a brother have to do to get some exclusive clients

    2. 40 days out from the election… Cooking the books going into overdrive! Right on schedule for the USA. I’d be shocked if they weren’t cooking the books and releasing real numbers right before an election, that’d just be unamerican.

    3. Known-Recognition-56 on

      That indicates a downward trajectory. The deseleration of personal savings over the past 6 months is what you need to track. Everything is about rate of change.

    4. Aww, bols posting metric with inconsistent and lagging correlation to market performance. Cute.

    5. Saving more is not a good thing for the economy. The low in 2008 was before the recession. Savings rate spiked higher during the recession in late 2008.

    6. Wait this is a bearish revision, GFC started after savings rate rocketed. Savings rate increasing means sentiment is bad.

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