Comments on: Counterparties: America persists in underwhelming http://blogs.reuters.com/felix-salmon/2013/04/26/counterparties-america-persists-in-underwhelming/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: TFF http://blogs.reuters.com/felix-salmon/2013/04/26/counterparties-america-persists-in-underwhelming/comment-page-1/#comment-46797 Sat, 27 Apr 2013 12:01:25 +0000 http://blogs.reuters.com/felix-salmon/?p=21503#comment-46797 @Fifth, the 2% payroll tax increase hits everybody, and is a larger increase than the token gesture of raising the top tax rate on the ultra-wealthy.

I’m sure the cut in government spending is having an impact on growth, but that is simply not a sensible or cost-efficient avenue for generating growth.

And I’m not surprised that the savings rate is falling. We are trying to cut our own savings rate (simply not doing a very good job), as we over-saved during the recession, profited heavily from the stock market rebound, and at this point have more than we need for investments.

We are holding a large amount of cash at this point, as the greatest risk to our financial future is a stock market collapse — but we are also generating new cash rapidly, so there is no need to accumulate even more.

It has been an uneven recovery. Those who are doing well enough to even consider saving have already put enough away that they can afford to cut back at this point. Those who need to save more can’t afford to do so.

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By: rjs0 http://blogs.reuters.com/felix-salmon/2013/04/26/counterparties-america-persists-in-underwhelming/comment-page-1/#comment-46796 Sat, 27 Apr 2013 09:27:29 +0000 http://blogs.reuters.com/felix-salmon/?p=21503#comment-46796 FifthDecade; US GDP growth is annualized; use 0.6% to compare to UK’s 0.3%

without the swing in inventories, 1st quarter GDP would have been lower than the 4th..

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By: FifthDecade http://blogs.reuters.com/felix-salmon/2013/04/26/counterparties-america-persists-in-underwhelming/comment-page-1/#comment-46795 Sat, 27 Apr 2013 08:16:53 +0000 http://blogs.reuters.com/felix-salmon/?p=21503#comment-46795 UK growth: 0.3%
US growth: 2.5%

Now tell me the US has it bad!

Of course personal income and spending was relatively untouched when disposable income went down; the tax cut was geared at the richest who hadn’t spent this upper tranche of their income anyway, but saved it instead. That’s why the savings rate decreased as well. Only puzzling to Tea Party Republicans.

As for the cut in government spending, this *will* have a negative effect on growth by the end of the year.

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By: KenG_CA http://blogs.reuters.com/felix-salmon/2013/04/26/counterparties-america-persists-in-underwhelming/comment-page-1/#comment-46793 Fri, 26 Apr 2013 23:02:20 +0000 http://blogs.reuters.com/felix-salmon/?p=21503#comment-46793 “The six-month decrease in government spending was the largest since the end of the Korean War”

That can’t be, Obama is a socialist who is spending the U.S. to death.

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