The Black Swan of Savings

People love to talk about outlier events as black swans, pace Nassim Taleb, but they tend to fixate on negative ones. Check the (mostly) positive black swan in the U.S. savings rate, with May personal savings rate touching 6.9% (according to the BEA today), neatly creating the largest three-year increase in savings in modern U.S. history.

savings-swan

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