Kurt Brouwer May 18th, 2009
Source: Business Insider / Clusterstock
This chart from Business Insider illustrates a fascinating inverse relationship–as savings rates fell throughout the 1990s, the level of imports steadily rose. All that ended recently. The red line shows the changes in the savings rate and the blue line is the number of containers coming into the Port of Los Angeles [emphasis added]:
Today’s chart compares the savings rate to container volume at the Port of Los Angeles, where many imports from China arrive. Though volatile, there’s a nice symmetry. As the savings rate declined throughout the late 90s and early part of this decade, port volumes soared. Both of those trends have reversed violently in just the last few quarters.
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