Over the past decade a combination of diverse forces has created a significant increase in the global supply of saving -- a global saving glut,
Smart financial planning - such as budgeting, saving for emergencies, and preparing for retirement - can help households enjoy better lives while weathering financial shocks. Financial education can play a key role in getting to these outcomes.
I do think there is some chance we will see increased private sector savings in the next year or two if housing prices were to moderate.
There's no magical relationship between inverted yield curves and recession. There's a debate why long-term rates are so low. It's partly a low term premium and a lot of saving looking for a relatively limited number of investments.