U.S. Inflation – Cleveland Median CPI vs. M2 Savings Deposits When fiscal policy drives money creation, inflation risk jumps. Spending and liquidity rise together, and before long, too much money chases too few goods. Recent U.S. money trends point toward price pressures ahead. Image: Bloomberg
Personal Saving Rate and U.S. Household The U.S. personal saving rate remains well below its long-term average, reflecting a trend of decreased savings and raising concerns about individuals’ financial security. Image: BofA Research Investment Committee
Recession – U.S. Personal Saving Rate vs. U.S. Unemployment Rate Rising personal saving rates tend to be associated with economic downturns or recessions. Image: BofA Global Investment Strategy
U.S. Commercial Banks and Savings Institutions Interest Income from Earnings Assets vs. U.S. Fed Funds Rate Does it really make sense to keep raising interest rates if U.S. commercial banks can’t survive with the current federal funds rate? Image: Gavekal, Macrobond
U.S. Delinquencies, Personal Saving Rate and Unemployment Delinquencies in the United States are on the rise. Is a hard landing coming? Image: BofA Global Investment Strategy
Inequality – U.S. Households’ Share of Excess Savings U.S. households’ excess savings are going to the wealthy. Could excess savings drive the U.S. stock market higher? Image: Oxford Economics
Households – Global Excess Savings Could excess savings drive global stock markets higher? Image: Goldman Sachs Global Investment Research
Excess Liquid Savings: M2 Trend vs. Actual Could excess liquid savings drive the U.S. stock market higher? Image: BofA Global Research
Personal Savings Rates Is the increase in personal savings good news for markets? Image: Goldman Sachs Global Investment Research
Net Household Saving Rate Will households spend some of the accumulated excess saving? Image: Financial Times
Indications of Consumer Saving Should investors expect more consumer spending than saving? Image: Arbor Research & Trading LLC