Want to Save the Economy? Invest.

Black Enterprise Magazine

Today’s blog on Black Enterprise magazine’s website said:

Finance professor Ed Fredericks is one of the few people who see a win-win in our new American propensity to save.

He believes that “now and for the foreseeable future, an increase in savings is good for the country. This will reduce the deficit through lower imports. As imports decline and savings increase, our capital markets should benefit as surplus savings will go into investments (stocks). This investment capital will go to businesses and entrepreneurs promoting economic activity. [Full Article]

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