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Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Michael Batnick, Director of Research at New York-based Ritholtz Wealth Management LLC, presented what he believes to be the most important chart of the decade in a Sunday post,
“We just witnessed the only recession in the history of this planet where the personal savings rate hit a 50-year high. This chart, which I think is the most important one from the last decade, comes from J.P. Morgan’s Guide to Retirement … Mathew Klein at Barron’s shows that Americans have saved $1.8 trillion more than they would have had we not experienced a pandemic. Wow. Just wow … To say that this is great news is an understateme