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Doug's avatar

Personal savings (FRED data) is right back where it started, implying that this $2.5 trillion is fictitious. Where is the disconnect??

https://fred.stlouisfed.org/series/PMSAVE

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Sherron's avatar

Is there any connection to the surge in housing demand? It’s been attributed to lower interest rates but I wonder if savings impacted it as well. Would high income savers be likely to target housing?

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