Wednesday, May 13, 2015

The Crock of @#$% Report v.008

May 13, 2015
Are Americans saving too much money?

They say there are no bad questions. If true, then how do you explain this crock of @#$% one? Are Americans saving too much money? Hilarious!

Savings spiked following the recession, reflecting Americans’ fear about their economic future, but most economists expected the savings rate to eventually fall back to the pre-bubble rates of 3% or 4%. At least for now, that’s not happening.

As seen here, the savings rate was 4% in 2000 and 3% in 2007. It's a crock of @#$% to say those rates were pre-bubble. 2000 and 2007 were the f%^king bubble years! Further, the savings rate was 10% to 12% in the 1960s and 1970s, a time when many Americans had actual pensions.

Standard economic theory says that we should see young people save more than older folks, who will, in turn, live off what they saved as youngsters in retirement. Today, we’re seeing the opposite...

There is a term for a theory that predicts the opposite of the actual result. I'm trying to think what it is. Oh, yeah. Now I remember. Crock of @#$%! Standard economic theory must therefore be a crock of @#$%!

Woohoo! We've hit the crock of @#$% trifecta! I wonder what we win? I sure hope it isn't student loan debt and underfunded retirement savings, because that would suck monkey balls. And monkey balls are the last thing one would expect to see in a crock of @#$% report!

Forehead. Desk. Whack. Whack. Whack.

No comments: