RobertB
September 11th, 2007, 01:38 PM
Five Things You Need to Know: What Does "Global Saving Glut" Mean?; Why Does the "Global Saving Glut" Matter?; Didn't Get the Memo; Credit Card Debt Expanding; Point/Counterpoint: Should You Carry a Credit Card Balance?
Kevin Depew Sep 11, 2007 12:52 pm
1. Bernanke Speaks: What Does "Global Saving Glut" Mean?
Speaking this morning in Berlin, Federal Reserve Chairman Ben Bernanke said the "global saving glut" is helping to keep interest rates low and may not rise much even if the pool of excess capital declines in coming decades. We're going to hear the phrase "global saving glut" quite a bit for the rest of the week, so we might as well get clear on what Bernanke means by this.
* Bernanke first raised the issue of a "global saving glut" in a March 2005 speech titled - incredibly - "The Global Saving Glut."
* What is a global saving glut?
* Because we are talking about macroeconomics, it is not what comes to mind when one takes the words "global" and "saving" and "glut," and puts them together.
http://www.minyanville.com/articles/MA-Bernanke-economy-Fed-Mishkin-consumer+credit-credit+card-Yellen/index/a/14057/from/yahoo
Kevin Depew Sep 11, 2007 12:52 pm
1. Bernanke Speaks: What Does "Global Saving Glut" Mean?
Speaking this morning in Berlin, Federal Reserve Chairman Ben Bernanke said the "global saving glut" is helping to keep interest rates low and may not rise much even if the pool of excess capital declines in coming decades. We're going to hear the phrase "global saving glut" quite a bit for the rest of the week, so we might as well get clear on what Bernanke means by this.
* Bernanke first raised the issue of a "global saving glut" in a March 2005 speech titled - incredibly - "The Global Saving Glut."
* What is a global saving glut?
* Because we are talking about macroeconomics, it is not what comes to mind when one takes the words "global" and "saving" and "glut," and puts them together.
http://www.minyanville.com/articles/MA-Bernanke-economy-Fed-Mishkin-consumer+credit-credit+card-Yellen/index/a/14057/from/yahoo