Global Savings Glut’s Demise Threatens Higher Borrowing Costs
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Ben Bernanke’s global savings glut is drying up. Long-term interest rates worldwide may be heading higher as a result.
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Published Feb 28, 2024 • 4 minute read
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(Bloomberg) — Ben Bernanke’s global savings glut is drying up. Long-term interest rates worldwide may be heading higher as a result.
Aging populations, an embattled Chinese economy and an increasingly fragmented global one are among the factors threatening to turn the surplus of savings the former Federal Reserve chair identified almost 20 years ago into a shortfall.
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Bloomberg News
2024-02-28 22:02:27
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