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“So that savings rate is compressing. That savings rate unfortunately can only compress so far. The trajectory that I think Sockgen is worried about.”
“we can see that recovery ended and has now started to collapse. Uh and it's collapsing relatively rapidly. In fact, starting on liberation day, we have had not an up day uh in the personal savings rate or month rather since this is calculated on a monthly basis. So that savings rate is compressing.”