Report
US: the recession makes households richer!
The US economy suffered a curious recession in the spring of 2020 – the slump in economic activity was unprecedented, the surge in unemployment was equally historic, but after the shock, US households (and not just Jeff Bezos) experienced an increase in net wealth and a surge in liquid savings. This savings cushion comes from overcompensation for losses in labour income, a measure that ended in July. The pandemic situation remains uncertain but nothing justifies such a high savin...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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