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In Case You Wondered

November 25, 2008

The first ‘stimulus’ to the economy earlier this year had none of the positive effect on consumption that it was hoped to have. And it’s not surprising either. With everyone around you crying “Depression!” how likely would you be to spend the extra dollar you get instead of squirreling it somewhere safe?

On the sunny side, more saving and less consumption is basically a good thing for the US.

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