The world of abundant savings was not derailed by the GR

April 30th, 2013|by Michael Ashley Schulman, Perspectives, The Big Picture|

The world of abundant savings was not derailed by the Great Recession and the financial crisis, despite the ballooning of sovereign budget deficits. In fact, the crisis has reinforced the reflex to save. Austerity is being forced on much of Europe and U.S. fiscal policy has tightened by two percentage points this year. In addition, […]