Fareed Zakaria is normally a good read: The world needs Americans to spend.
Shouldn’t it be sending alarm bells that the world economy has become dependent on excess when everyone waits for, and depends on, the American consumer to stop being responsible by saving money and start spending recklessly again? Anyone encouraging the masses to reduce their savings to help spur the world economy is just trying to profit from your irresponsibility.
I’d wager most of those “economists” and “analysts” save more of their income than they’re encouraging the masses to do.
This made me think of the image below: