CHART OF THE DAY: America's New Savings Habit Kills Global Trade

button more charts
button chart prev
button chart next

Americans have rediscovered the joys of saving, but that revelation has hardly been joyful for exporters overseas.

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.

f?id=4a1081b814b9b998005d7597

Get This Delivered To Your Inbox
You can get this dropped in your inbox every afternoon as The Chart Of The Day. It’s a simple. It’s convenient. It’s free. All we need is your email address (though we’d love your name and state, too, if you’re willing to share it).  Sign up below!

Email

First Name

Last Name

State

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.