June 22, 2024

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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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(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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