As Inventories Decline, Bargains May Disappear

The Institute for Supply Management (ISM) report released today bodes well for economic growth in the months ahead, but it may also hold bad news for frugal shoppers. Not only did manfacturing increase at a healthy rate for the 10th consecutive month in May, it did so expansively. According to Norbert J. Ore of the Institute for Supply …

Getting paid $50,000 to raise the savings rate

In April, the personal savings rate—the percentage of disposable income that people don’t spend—went up to 3.6%. That’s higher than it was in March (3.1%), but still far lower than many economist types were predicting this time last year. Back in early 2009, there was talk that thanks to the Great Recession Americans were embarking …

China’s $2.5 trillion dilemma

Oh, the trials and tribulations of sitting on $2.5 trillion. That’s how much China holds in foreign currency reserves. And in this period of market turmoil and economic uncertainty, what would you do with it? I can’t figure out where to put my far more meager earnings. I couldn’t begin to guess where I’d invest …

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