If your current savings account is offering you pittance compared with the market leaders, switching to the high interest savings account seems pretty smart.
Rather than forcing Germans, whose savings rates and current account surplus results from years of fiscal prudence, to lend even more money and suffer higher inflation so that the southern tier can receive more monetary stimulus, Dombret argues the citizens of deficit economies must spend less while working, producing and saving more.
FORBES: Germany And China Have The Gold And Will Make The Rules
If investors twig that European companies aren't such bad investments after all, he says, it will not be so easy for America to finance its current-account deficit with European savings and that points only one way for the dollar.
In reality, China has a current-account surplus, which means that savings must exceed investment, not the other way around.
Under the current federal aid formula, money in a 529 savings account owned by a parent counts the same as any other nonretirement parental financial asset.
Second Minister for Finance Mustapa Mohamed says the country is benefiting from a high rate of savings (42% of GNP), a current-account surplus and decelerating inflation.
There are other ways to shrink the gap between Germany's high savings rate and relatively low investment, the underlying reason for its current-account surplus.
Yet the euro's external balance concealed a huge internal divide between places like Germany, with excess savings, and countries such as Spain and Greece, with huge current-account deficits.
It took years for me to agree to have a joint checking account with my current husband, and I still have my own checking and savings accounts, as well as credit cards in my own name.
What asset is as secure as an FDIC insured savings account, relatively immune to dramatic price fluctuations, electronically accessible under our current custodial arrangements, and a good place to park cash while waiting to emerge from the bunker?
FORBES: How To Protect Your Retirement Assets From The Coming Crash
If so, regardless of the new policy, imports could continue to grow quickly, the current-account surplus would moderate and at least some of the flood of Japanese savings for which the world is bracing itself would stay at home.
All of these accounts are FDIC insured. (You can check whether an online savings account is FDIC insured at the official FDIC institution directory.) All info is current as of 26 June 2011.
And that means the U.S. savings rate will be rising, so reducing the need for foreign financing of America's twin current account and fiscal deficits.
应用推荐