global saving glut

A global saving glut (also GSG, cash hoarding, dead cash, dead money, glut of excess intended saving, or shortfall of investment intentions) is a situation in which desired savingAccording to Bernanke 2005 national saving is the "sum of saving done by households (for example, through contributions to employer-sponsored pension accounts) and saving done by businesses (in the form of retained earnings) less any budget deficit run by the government (which is a use rather than a source of saving).