Current Event Report

Review the news clip:
“From March through June 2020, the latest data available, U.S. households banked an additional $916 billion of their income above pre-COVID levels, according to Moody’s Analytics, a stash that will top $1 trillion when July figures were included.
“People are saving because they don’t know what the future holds,” says Moody’s Chief Economist Mark Zandi. “They’re likely to be concerned that their job is safe.”Plus, he says, with many businesses shuttered or running at reduced capacity, “they don’t know what to spend (their savings) on.”
Zandi doesn’t believe people will spend their cash hoards in earnest until “the coast is clear in the pandemic is over,” likely after a vaccine is widely available, possibly sometime next year.” For more information see

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Review the above statement and based on your understanding of Investment and Savings, answer the following questions:
1.Based on your understanding of Savings, can you justify that the theory of savings is also the theory of consumption? Justify this statement.
2.Do you think with the given rate of Savingsin 2020, investment in Real Estate will go up? Will residential investment give a “jump-start” to the economy in 2021? If yes, why, if no, why not.
3.Do you think, many firms are having “inventories” during the COVID-19 period? Why Inventory investment is of interest to macroeconomists? agree or Not? Give reasons.

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