### Comment:
Say 'global excess savings glut' with a straight face.  The five people with no HELOC, dozen credit cards, or single digit savings rate are pulling their hair out.

### REPLY:
I'm not not talking about domestic savings, I am talking about countries where US companies export their products too, sigh. Bernanke argued that *'excess global savings (in countries such as China, Saudi Arabia, etc) resulted in low long-term interest rates in the United States which fueled the asset bubble.'* Also savings can mean a number of things, in economics S=I, so savings is investment. 
  
   
  
  
  


### END.