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The falling savings rates are not the result of government transfers falling (i.e., social security, disability, welfare, Govt credits, "mailed money").
Income via the government sending money remains historical high. pic.twitter.com/sdNYEIvxbL
— Jim Bianco (@biancoresearch) May 27, 2022
Credit Suisse, BofA Cut Value Stocks on Doubt Over Returns https://t.co/8YydtBXeiv
— Bloomberg Markets (@markets) May 27, 2022