Surveillance: Subramanian Lifts S&P 500 Target
Bloomberg Surveillance
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The Importance of Savings in the Economy
Do we have a sense of how much was sucked out and how much just keeps getting circulated in terms of wages and bigger incomes that go into spending? That's a really key question because the only way we can really get a good handle of that is to try to look at the data. We still need some more time before that excess savings has been worked down to a lower level. And that's when we also may will begin. No one should doubt that a recession is on the horizon.
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