"We still live under the continuing and undoubted influence of the first industrial revolution. In negative terms concern with tradition has led to great efforts to preserve, regardless of cost, some of the industries created in the past."
- Margaret Thatcher
More erosion in the household savings rate C'mon, America...we were doing so well for a while there. Personal savings rate now down to 3.5%. It really should be in the 5% to 10% range.