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CHART OF THE DAY: US Personal Savings Rate vs. Asset Price Inflation - Savings

As you can see in the Chart of The Day (pg 30 in our current Macro Themes slide deck – if you’d like a copy, ping sales@Hedgeye.com), the US Personal Savings Rate (% of Disposable Income) has been falling for the past 3 years (as the stock market makes new highs).