The global savings glut explanation for low long-term rates has factual problems: measured global savings rates in that period were actually lower than in the 70s, 80s, and most of the 90s; Greenspan's fallback to intended-versus-desired savings is essentially unmeasurable and thus an unsubstantiable argument.
factualpending
Speaker
John TaylorEvidence Quote
“the overall global savings rate was lower than normal in that period at least had been lower than the 70s and lower than the 80s and lower than most of the 90s so global savings rates as best measured were low so it's hard to see it excess”
Created: 6/15/2026, 9:20:12 AM
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