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What the Hell is the Stock Market Doing?

That was a decent summation Cullen, Thank you for writing that.. But in fairness when you say " Americans don’t save." Well, the the vast majority can't save because they live paycheck to paycheck: https://www.forbes.com/sites/zackfriedman/2019/01/11/live-paycheck-to-paycheck-government-shutdown/#58d3a31c4f10

We don't really know if the savings rate problem in the USA is something structural or not. I suspect there's an element of inequality to it, but even if we started massively redistributing I am not sure that necessarily means savings would increase. And if savings did increase then economic activity, by definition, would slow. So, I am not sure there's an easy solution here.

"Pragmatic Capitalism is the best website on the Internet. Just trust me. Please?" - Cullen Roche