Highest Level Savings in 15 Years…

This week was a little bit lighter as far as the overall number of major economic reports.  Still, some nations had plenty of information to report, and there are definitely some developments worth noting. One of the biggest stories from Friday morning for the States was the stock market dropping, but it’s the reason that’s interesting. The reason was that recorded savings was at its highest level in 15 years. For the long term this is definitely a good sign of strength and of increased awareness about consumer responsibility, although in the short term it’s going to be much harder for a consumer based economy to make a major rebound when there aren’t nearly as many buyers consuming. 

While the mainstream news this week is going to be obsessed with celebrities passing away and the annual tradition of ESPN going nuts over whether or not Brett Favre is going to unretired, there are some important economic reports this week that deserve attention for anyone making some serious trades. So without any further delay, here is this edition of the week in review.

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