Heterodox
by Steve Roth Wealth Economics Matthew Klein and Joey Politano have been singularly responsible in their discussions of “excess saving” in the covid era — not least by always putting that term in “so-called” quotes. It’s saving in excess of what would have happened if pre-covid linear trends had continued (with the trend based on some chosen range of preceding quarters or years). It’s an estimate. Great. They sometimes also discuss the...
Read More »Personal Income and Personal Saving Make More than 40% of Households’ Property Income…Invisible. Think Total Return.
