Indicator Spotlight
Excess Savings Were Larger Than We Thought (Part 2)
Our US Investment strategists define excess savings as the difference between what households saved beginning in March 2020 and what they might have saved had the pandemic not occurred. To estimate the latter, they assumed that disposable income would…
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Concise macro insight that cuts through daily noise, helping clients stay informed on what matters in markets, why it matters, and how to talk about it, without spending hours reading research.
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