A 'growth bomb' is brewing in the US with consumers sitting on $2.5 trillion in savings — and it's poised to give the economy a huge boost, one Wall Street chief strategist says

A lack of inventory for a wide range of consumer goods should necessitate "considerable job creation" and help boost the economy, Paulsen said.

View in browser Subscribe Business Insider Select brings the best of Business Insider straight to your inbox, every day. Was this email forwarded to you? Sign up for Business Insider Select here. A 'growth bomb' is brewing in the US with consumers sitting on $2.5 trillion in savings — and it's poised to give the economy a huge boost, one Wall Street chief strategist says A lack of inventory for a wide range of consumer goods should necessitate "considerable job creation" and help boost the economy, Paulsen said. READ MORE Premium Join us at 3:00 PM ET on Tuesday for an inside look at how marijuana's election triumph is reshaping the US cannabis industry While control of the Senate hang in the balance, one thing is clear: Americans overwhelmingly support cannabis reform. READ MORE Oreo built an 'asteroid-proof doomsday vault' for cookies as advertising takes a turn for the apocalyptic Oreo is following in the footsteps of recent marketing gimmicks, like Planter's Baby Nut or IHOP rebranding as IHOB. READ MORE Premium 32 books on everything from cautionary tales of young Wall Street to the science of sleep that rising stars in finance say you should read to get ahead Our rising stars of Wall Street gave us their must-reads, ranging from investing "how-to" classics to a timely retelling of the Spanish Flu Pandemic. READ MORE Biden's administration could have big advertising implications Business Insider's top advertising and media stories for November 9. READ MORE Premium Business schools are scrambling to improve online MBAs. I tried out edtech startup Jolt's 'sane alternative' to see if it lived up to the hype. Traditional business schools are scrambling to improve their online offerings amid fierce competition from Jolt and others. READ MORE Toyota's president says Tesla may have a recipe, but lacks a 'real kitchen and a real chef' Toyota's president Akio Toyoda took a direct shot at Elon Musk and Tesla during a presentation last week. READ MORE Premium Leaked announcement: Southwest plans to furlough workers for the first time in its 53-year history Southwest Airlines plans to furlough workers in its maintenance division, the first job cuts in its history as it continues to manage the pandemic. READ MORE Premium Elon Musk says Starlink's 'most difficult technical challenge' isn't launching satellites — it's dropping the cost of its 'UFO on a stick' devices The rocket company is selling kits with a satellite dish for $499 to beta users, but that price likely hides the real cost of the high-tech devices. READ MORE Premium 5 top energy analysts detail what Biden's victory means for the future of energy, from limits on oil drilling to wins for wind and solar Biden could have limited control over the future US energy economy in a divided government. READ MORE Email sent to: ipat39@gmail.com   |   Manage preferences   |   Unsubscribe Terms of Service   |   Privacy Policy   |   © 2020 Insider Inc. 1 Liberty Plaza, New York, NY 10006