The personal savings rate in the US right now is 2.4%. At only one point since the 1950s, has it been lower? And that was a 2.1% rate in July of 2005. The low savings rate is also because we Americans are not a nation of savers or a nation of spenders.
The list of companies who had a more profitable 2022 than Exxon Mobil is decidedly short.
(0:21) Bill Mann discusses: - McDonald's growing global sales by $20 billion during the pandemic - Exxon Mobil racking up an annual profit of more than $55 billion - Why Wall Street seemed disappointed by a share buyback plan smaller than Chevron's
(10:40) Alison Southwick and Robert Brokamp discuss reasons to be both uplifted (and depressed) about the economy, debt, and pandas.
Our new report, "5 Pullback Stocks" is available for free to Stock Advisor members. To access the report just go to www.fool.com/Pullback.
Stocks discussed: MCD, XOM, AAPL, MSFT, CVX
Host: Chris Hill Guest: Bill Mann, Alison Southwick, Robert Brokamp Producer: Ricky Mulvey Engineer: Rick Engdahl
Learn more about your ad choices. Visit megaphone.fm/adchoices