I posted a new note on Facebook about how Private Investment must equal the sum of private, corporate and government savings. The catch is that government savings is potentially headed to the negative one trillion dollar mark. More importantly, the savings will largely be spent on the "wrong" goods.
To read more, visit my Facebook page. If you would like a special invitation to join Facebook, send an email to jack.miller@gmail.com. The many charts and the comments made by Bob Dodd and Al Miles are a bonus.
Jack
Tuesday, January 13, 2009
New Posting PI = PS + CS + GS
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