It's a conundrum.
Americans have been told for years they need to save more, but America been a society of spendthrifts.
In this global recession, many have said that a recovery will not occur, including job recovery, until America starts spending again, yet here we have Tim Geithner, Treasury Secretary, saying that, as a matter of course, Americans will save more, and spend less in the future.
Americans have been told for years they need to save more, but America been a society of spendthrifts.
In this global recession, many have said that a recovery will not occur, including job recovery, until America starts spending again, yet here we have Tim Geithner, Treasury Secretary, saying that, as a matter of course, Americans will save more, and spend less in the future.
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