The US consumer has no savings left, should we worry?

About this episode

Simon Brown discusses the implications of the low US personal savings rate and various market updates.

Simon Brown unpacks a US personal savings rate of just 2.6% — one of the lowest on record — and why it matters more as a fragility gauge than a crash signal. He covers the collapsed Iran deal and its effect on oil and South African fuel prices, the SARB's prime rate hike to 10.5% and why he thinks the MPC has it wrong, and the near-10% surge in Naspers and Prosus on news that WeChat is putting AI at the centre of its app. Plus SPAR's brutal trading update, the year-to-date scoreboard with South Korea up 123%, Afrimat's Nersa win, Dell's near four-bagger, and why Simon keeps buying Clicks at two-year lows. Topics: US savings rate, Iran and oil, SARB rates, Naspers, Prosus, Tencent, SPAR, food retail, South Korea, Dell, Clicks. WorldWideMarkets is part of JustOneLap.com.

People in this episode

Host: Simon Brown

Topics covered

• US savings rate
• Iran and oil
• SARB rates
• Naspers
• Prosus
• SPAR trading update
• South Korea market performance

Keywords

• US consumer savings
• oil prices
• SARB prime rate
• Naspers
• Prosus
• SPAR
• South Korea
• Dell
• Clicks

Mentioned in this episode

Organizations: WeChat, Naspers, Prosus, SPAR, Dell

Places: South Korea, Iran

More episodes of JSEDirect with Simon Brown

• Stocks for your Soccer World Cup · June 9, 2026 · 22 min
• The SpaceX IPO Valuation Reality Check | The Pope on AI · May 26, 2026 · 21 min
• Bond Yields Are Screaming | Why Isn't Anyone Calling It a Crisis? · May 19, 2026 · 24 min
• Boxer's Blinder & The Pick & Pay Valuation That Makes No Sense · May 12, 2026 · 21 min
• Hyperscaler Results, Berkshire's Cash Pile and Fuel Pain · May 5, 2026 · 20 min
• Tim Cook Out, Tariff Refunds In, Markets Back At Highs · April 21, 2026 · 23 min