{"id":82621,"date":"2015-12-17T07:19:00","date_gmt":"2015-12-17T12:19:00","guid":{"rendered":"http:\/\/countingpips.com\/?p=82621"},"modified":"2015-12-17T07:19:00","modified_gmt":"2015-12-17T12:19:00","slug":"conservatism-grips-the-u-s-economy-like-squirrels-hoarding-nuts-for-winter","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/12\/conservatism-grips-the-u-s-economy-like-squirrels-hoarding-nuts-for-winter\/","title":{"rendered":"Conservatism Grips the U.S. Economy Like Squirrels Hoarding Nuts for Winter"},"content":{"rendered":"<div id=\"inves-2283787842\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 17, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><h3 style=\"margin-top: 0px;\"><span style=\"font-size: small;\">U.S. residents increase their personal savings <\/span><\/h3>\n<h3 style=\"margin-top: 0px;\"><span style=\"font-size: small;\">By Elliott Wave International<\/span><\/h3>\n<p>Editor&#8217;s note: You&#8217;ll find a text version of this story below the video.<\/p>\n<p align=\"center\"><span class=\"LimelightEmbeddedPlayer embed-responsive-item\"><script src=\"\/\/video.limelight.com\/player\/embed.js\"><\/script><object id=\"limelight_player_512744\" class=\"LimelightEmbeddedPlayerFlash\" data=\"\/\/video.limelight.com\/player\/loader.swf\" type=\"application\/x-shockwave-flash\" name=\"limelight_player_512744\" width=\"480\" height=\"411\"><param name=\"movie\" value=\"\/\/video.limelight.com\/player\/loader.swf\" \/><param name=\"wmode\" value=\"window\" \/><param name=\"allowScriptAccess\" value=\"always\" \/><param name=\"allowFullScreen\" value=\"true\" \/><param name=\"flashVars\" value=\"channelId=83bb71d946084e15a90537c63cc6c9bf&amp;playerForm=b549182c27004e88b54afaf008c55c81&amp;deepLink=true\" \/><\/object><script>\/\/ <![CDATA[\nLimelightPlayerUtil.initEmbed('limelight_player_512744');\n\/\/ ]]><\/script><\/span><\/p>\n<p>Chipmunks have massive cheek pouches for moving food from one place to another for later use. Like hamsters and ground squirrels, they&#8217;re instinctive savers.<\/p>\n<p>On the other hand, the savings habits of human beings are not so innate. Sometimes we store away less than at other times, depending on whether we&#8217;re feeling optimistic or pessimistic.<\/p>\n<p>These days, U.S. residents are feeling uncertain about the future.<\/p>\n<p>Review this chart and commentary from Elliott Wave International&#8217;s December issue of <em>The Elliott Wave Financial Forecast<\/em><\/p>\n<p align=\"center\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.elliottwave.com\/images\/freeupdates\/image\/FedsLosingBattle.jpg\" alt=\"\" width=\"420\" height=\"412\" \/><\/p>\n<blockquote><p>In October, the U.S. personal savings rate as a percentage of disposable income rose to 5.6%, its highest level in almost three years. &#8230; Back in 1999, by contrast, households were emptying their piggy banks to jump into stocks and other assets. The trend continued until July 2005, when the savings rate hit a low of 1.9%. Naturally, the percentage rose as the 2007-2009 bear market grabbed hold, but over the course of the subsequent rally in stocks, a critical divergence has developed, as the chart shows. It suggests that the Federal Reserve is failing in its effort to flush people into riskier financial assets.<\/p><\/blockquote>\n<p>It&#8217;s notable that this ramped-up level of cash stashing is occurring even as incomes have risen.<\/p><div id=\"inves-1188464516\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>Another sign of a growing financial conservatism is that consumers are spending less. ShopperTrak says in-store retail sales on Black Friday weekend declined by 10.4% vs. a year ago.<\/p>\n<p>Some observers attribute the slide to increased online purchases. This chart indicates otherwise:<\/p>\n<p align=\"center\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.elliottwave.com\/images\/freeupdates\/image\/GrayFriday.jpg\" alt=\"\" width=\"420\" height=\"356\" \/><\/p>\n<p>As you can see, total retail and food service sales declined from more than 8% growth starting in 2011 to just 1.7% in the latest available quarter. The bottom graph shows that online sales growth exhibited no strong upturn.<\/p>\n<p>Back in 2007, the transition from risk-taking to conservatism started off gradually. But, in November of that year, the transition suddenly accelerated.<\/p>\n<p>Is that what&#8217;s set to occur as the markets and economy go into 2016?<\/p>\n<hr \/>\n<table class=\"body\" style=\"border: solid 5px #EAEAEA; padding: 10px;\">\n<tbody>\n<tr>\n<td valign=\"top\"><a href=\"http:\/\/www.elliottwave.com\/r.asp?acn=9cp&amp;rcn=aa584&amp;dy=aa121615a&amp;url=http:\/\/www.elliottwave.com\/wave\/riskon\"><strong>Learn more on this topic from a new FREE report from Elliott Wave International&#8217;s urgent report: <em>Risk ON? Risk OFF? Find Out Where Your Money Lies.<\/em><\/strong><\/a><\/p>\n<p>Steve Hochberg and Pete Kendall have been tracking a &#8220;steady global shift to greater financial conservatism over the last 18 months.&#8221; They have just published this new report detailing all of their findings.<\/p>\n<p><a href=\"http:\/\/www.elliottwave.com\/r.asp?acn=9cp&amp;rcn=aa584&amp;dy=aa121615a&amp;url=http:\/\/www.elliottwave.com\/wave\/riskon\"><strong>Read Their Complete Report Now &gt;&gt;<\/strong><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div>\n<p style=\"padding-top: 10px; border-top: solid 1px #CCCCCC;\"><em>This article was syndicated by Elliott Wave International and was originally published under the headline <a href=\"http:\/\/www.elliottwave.com\/r.asp?acn=9cp&amp;rcn=aa584&amp;dy=aa121615a&amp;url=http:\/\/www.elliottwave.com\/freeupdates\/archives\/2015\/12\/11\/Conservatism-Grips-the-U.S.-Economy-Like-Squirrels-Hoarding-Nuts-for-Winter.aspx\"><strong>Conservatism Grips the U.S. Economy Like Squirrels Hoarding Nuts for Winter<\/strong><\/a>. EWI is the world&#8217;s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. residents increase their personal savings By Elliott Wave International Editor&#8217;s note: You&#8217;ll find a text version of this story below the video. Chipmunks have massive cheek pouches for moving food from one place to another for later use. Like hamsters and ground squirrels, they&#8217;re instinctive savers. On the other hand, the savings habits of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-82621","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=82621"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82621\/revisions"}],"predecessor-version":[{"id":82622,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82621\/revisions\/82622"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=82621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=82621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=82621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}