20070821
US personal saving rate - Subprime market
“What you want to watch out for is the continuous drop…”
With more and more subprime mortgages hitting their 2 year limit on set interest and the flexible interest starts kicking in it’s helpful to have a dollar or two saved, especially if your house hasn’t increased in value and hence your most likely source of “wealth” wouldn’t have increased which is the natural thing that can off set any extra spending…
(2005 was the first year to have a negative savings since the great depression)
(Disclosure the above is only my observation, and should not be taken as any guidance)
Posted at 4:26 am,
