The personal savings rate was reported today to be running at a $620 B rate.
Corporate after-tax profits may be 7% of $14 B, let us say $1 T.
Totaling individual savings and a generous measure of corporate profits yields $1.6 T.
That is roughly equal to the Federal Government's deficit.
This presumes that other localities are at breakeven.
Net-net, this analysis suggests that as a whole, this country is running at breakeven.
What's that worth?
No one knows.
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