Archive for May 9th, 2008
Credit and Consumption: Savings that is just so Old Economy
By way of preempting where the conversation on income distribution is likely to end up–on the topic of consumption–I thought I would throw up this graph. Check out that savings rate!
Anyone notice the date of the peak? And check out them credit lines. Notice all figures are per labour income dollars. Thanks to the Lonely Economists for the graph.
