Savings

I am very heartened that people are now saving money even though the stock market does not like it since consumers make up 70% of economic activity. In 2005 the saving rate was less than 1%, in 2008 it was close to zero, and to-date in 2009 it is at 6.9%, the highest since December 1993. Hopefully, since this recession has been more disruptive than previous ones, so that people won't forget once the economy gets back on track that they still need to save as a way of life. This action would help minimize the financial cycles that are part of the capitalistic system.