Pettis Proposes Savings Glut and Income Inequality are Source of Global Imbalances; Mish vs. Pettis: I Respectfully Disagree
MishTalk
MARCH 17, 2014
Income Inequality " is a front-page topic so let''s take a close look. Rising income inequality is key to understanding this model. The key point here is that all other things being equal, rising income inequality forces up the savings rate. Rising income inequality reduces demand.
67 
Let's personalize your content