TheRealMafoo on 16 July 2009
| NJ5 said: A lot of businesses are showing a 20-30% decline in revenue these days, which is much above the reported GDP contractions. People are saving more money, at a ratio which also points to US GDP going down by double-digit percentages. |
To add to this, most of the savings that we see from people, are really just paying off there debt. Once that's paid off, most will go back saving little.
They will probably not go back spending more then they make however, so the GDP will not get back to where it was, but it will get better then it is today.
