Commentary
Many economists point to the “abnormal” rise in savings as a bullish signal that it will drive a stronger recovery and a consumption boom.
File photo of a golden piggy bank. The savings rate is irrelevant if we don't take into account the instability in the job market and the real disposable income of families in the period. QuinceCreative/Pixabay
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Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat” (2015), and “Life in the Financial Markets.”
