There Are PLENTY of Savings (!)

This morning one RadioMouth quoted some sumpin' to the effect that 'personal savings are going south,' and Doom!  Gloom!!  TEOTWAWKI!!!!

Well, yes--they are.

But they are going south from world-record levels, as Tonelson--no Lefty--shows with this chart.

 

He has another chart--this one of 'liquid cash' in checking and savings accounts (below.)  What Tonelson wants to tell you is that the American consumer is not--yet--drowning in inflationary prices.  That may happen in the next several months, but there's plenty of cash on the sidelines.