October 17, 2021
MAKE THE GLOBAL TAX A CONSUMPTION TAX:
$2.7 Trillion in Crisis Savings Stay Hoarded by Wary Consumers (Catherine Bosley and Michael Sasso, October 17, 2021, Bloomberg)
Consumers in Europe and the U.S. aren't rushing to spend more than $2.7 trillion in savings socked away during the pandemic, dashing hopes for a consumption-fueled boost to economic growth on both sides of the Atlantic.
Invest it; don't spend it.
Posted by Orrin Judd at October 17, 2021 12:00 AM