More fuel for US stocks ahead if GS are right about this:
- households have already accumulated about $1.5tn in ‘excess’ or ‘forced’ savings
- we expect that to rise to about $2.4tn, or 11% of GDP, by the time that normal economic life is restored around mid-year
GS add they expect 20% of the excess savings will be spent in the first year
This article was originally published by Forexlive.com. Read the original article here.