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The Economist (December 6th-12th 2008)
Posted on 2010-04-13
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More Where have all your savings gone? Investors may draw the wrong lesson from history: Inadequate savings, badly invested, are a problem for individuals and the economy. Cautious savers are putting their money in banks; banks are reluctant to lend; companies therefore find it hard both to borrow money and to raise equity capital. This timidity hurts companies and, in the long term, savers. Implausible as it may sound, left now equities and corporate bonds are a better long-term bet than cash. Magazine: Audios:
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