Global Markets Investor – X, Released on 9/15/24

⚠️US CONSUMERS SAVINGS ARE COMPLETELY GONE⚠️

US Net savings as % of gross national income fell to -0.9% in Q2 2024, the lowest level since the Great Financial Crisis.

Savings have been NEGATIVE for the last 6 quarters, the 2nd longest streak in at least 70 YEARS.

This is bad. pic.twitter.com/I21Wqcujpk

— Global Markets Investor (@GlobalMktObserv) September 15, 2024