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Apprehensive Consumers Borrow Less, Save More
Posted By Sheldon Richman
“Consumers cut back on their borrowing by a record amount in dollar terms in November, another sign of trouble for the rapidly weakening economy.” (Associated Press [1], Friday)
For many economists, increased saving is a “sign of trouble.”
FEE Timely Classic
“Another Shocking Reversal in Macroeconomics” [2] by Mark Skousen
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/apprehensive-consumers-borrow-less-save-more/
URLs in this post:
[1] Associated Press: http://www.google.com/hostednews/ap/article/ALeqM5hvFxPJys9xNqYjr8t8A0O7bQUs3gD95J69B80
[2] “Another Shocking Reversal in Macroeconomics”: http://www.thefreemanonline.org/featured/another-shocking-reversal-in-macroeconomics/
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