{"id":5937,"date":"2012-10-30T14:59:24","date_gmt":"2012-10-30T18:59:24","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=5937"},"modified":"2012-10-30T14:59:24","modified_gmt":"2012-10-30T18:59:24","slug":"unsaving-the-u-s-economy-macroscope","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/30\/unsaving-the-u-s-economy-macroscope\/","title":{"rendered":"Unsaving the U.S. economy &#124; MacroScope"},"content":{"rendered":"<p>Gabriel Burin writes that the U.S. savings rate sank last month to its lowest since November.<\/p>\n<blockquote><p>\u201cHouseholds were only able to boost consumption in the third quarter by dipping into their savings,\u201d said Paul Dales, senior U.S. economist at Capital Economics, after the Commerce Department release. \u201cFaced with the prospect of major tax hikes in the New Year, however, they will soon become more cautious\u201d&#8230;&#8230;..<\/p><\/blockquote>\n<p>via <a href='http:\/\/blogs.reuters.com\/macroscope\/2012\/10\/30\/unsaving-the-u-s-economy\/'>Unsaving the U.S. economy | MacroScope<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gabriel Burin writes that the U.S. savings rate sank last month to its lowest since November. \u201cHouseholds were only able to boost consumption in the third quarter by dipping into their savings,\u201d said Paul Dales, senior U.S. economist at Capital Economics, after the Commerce Department release. \u201cFaced with the prospect of major tax hikes in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/30\/unsaving-the-u-s-economy-macroscope\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Unsaving the U.S. economy &#124; MacroScope&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,34],"tags":[800,1041,3044],"class_list":["post-5937","post","type-post","status-publish","format-standard","hentry","category-economy","category-us-canada-countries-regions","tag-consumption","tag-disposable-income","tag-savings-rate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Unsaving the U.S. economy &#124; MacroScope - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unsaving the U.S. economy &#124; MacroScope - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Gabriel Burin writes that the U.S. savings rate sank last month to its lowest since November. \u201cHouseholds were only able to boost consumption in the third quarter by dipping into their savings,\u201d said Paul Dales, senior U.S. economist at Capital Economics, after the Commerce Department release. \u201cFaced with the prospect of major tax hikes in &hellip; Continue reading &quot;Unsaving the U.S. economy &#124; MacroScope&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/30\/unsaving-the-u-s-economy-macroscope\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-10-30T18:59:24+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/30\/unsaving-the-u-s-economy-macroscope\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/30\/unsaving-the-u-s-economy-macroscope\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Unsaving the U.S. economy &#124; 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Major contributors to growth are household consumption, public demand and exports; while the biggest handbrake is investment. A quick look at the RBA chart shows that consumption is slowing but at\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38458,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/11\/02\/economy-slows-but-labor-market-remains-tight\/","url_meta":{"origin":5937,"position":1},"title":"Economy slows but labor market remains tight","author":"Colin Twiggs","date":"November 2, 2022","format":false,"excerpt":"An unexpected rise in job openings, to 10.7 million for September, warns that the labor market is still tight. The gap between job openings and unemployment widened to 4.9 million. Upward pressure on wage rates is expected to continue, with annual growth in both employment cost (ECI) and average hourly\u2026","rel":"","context":"In &quot;Deficit Spending &amp; Employment&quot;","block_context":{"text":"Deficit Spending &amp; Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"Job Openings & Unemployment","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-11-01-jolts-u3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-11-01-jolts-u3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-11-01-jolts-u3.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":42006,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/05\/09\/heavy-truck-sales-up-but-diesel-sales-fall\/","url_meta":{"origin":5937,"position":2},"title":"Heavy truck sales up but diesel sales fall","author":"Colin Twiggs","date":"May 9, 2023","format":false,"excerpt":"Heavy truck sales are normally a reliable leading indicator of recessions. Their surprise jump in April -- to 46,900 units -- was totally against expectations. Comparison of Cummins (CMI), Caterpillar (CAT), and Paccar (PCAR) shows both CMI and CAT losing ground in March-April, with only PCAR holding steady. Paccar makes\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Heavy Truck Sales","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-05-05-heavytrucks.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-05-05-heavytrucks.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-05-05-heavytrucks.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":7741,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/15\/sorry-world-u-s-consumers-cant-save-you-wsj\/","url_meta":{"origin":5937,"position":3},"title":"Sorry, World, U.S. Consumers Can\u2019t Save You | WSJ","author":"ColinTwiggs","date":"May 15, 2013","format":false,"excerpt":"Kathleen Madigan at WSJ observes: In order to increase spending, consumers have been saving less to offset the money lost when tax rates rose this year. That strategy is unsustainable. Unless job and wage growth pick up, U.S. consumers don\u2019t have the financial heft to save the global economy. Read\u2026","rel":"","context":"In &quot;Debt Levels&quot;","block_context":{"text":"Debt Levels","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/debt-levels\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20484,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/05\/09\/sharp-fall-in-us-jobs-warns-of-economic-contraction-ahead\/","url_meta":{"origin":5937,"position":4},"title":"Sharp fall in US jobs warns of economic contraction ahead","author":"Colin Twiggs","date":"May 9, 2020","format":false,"excerpt":"Initial jobless claims filed in the US in the last 7 weeks now total 33.5 million. Total employment in April 2020 fell by 12.9% when compared to twelve months earlier. We use total hours worked (total payroll * average weekly hours) to estimate GDP growth. It does tend to overshoot\u2026","rel":"","context":"In &quot;Deficit Spending &amp; Employment&quot;","block_context":{"text":"Deficit Spending &amp; Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4933,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/24\/christian-noyer-public-and-private-debt-imbalances-of-global-savings\/","url_meta":{"origin":5937,"position":5},"title":"Christian Noyer: Public and private debt &#8211; imbalances of global savings","author":"Colin Twiggs","date":"July 24, 2012","format":false,"excerpt":"Christian Noyer, Governor of the Bank of France and Chairman of the Board of Directors of the BIS: My first remark..... In advanced countries, the average public debt to GNP ratio is 100%. In emerging countries, the figure is 30%. 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