Consumption boom hits savings
The trend to hoarding cash in times of crisis has reversed into a spending spree that carries future risk.
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Hawke’s Bay
The sudden stall on Wall Street earlier this week followed reports that soaring stock prices and improving job prospects had triggered a consumption boom.
The spending splurge has also cut into household savings, a trend the Wall Street Journal noted has preceded previous market busts—in the
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Consumption boom hits savings
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