Quick comment, obviously having a negative savings rate is not that good, but too high of one isn't fantastic. I was in China for a semester abroad and one of my classes mention their absurdly high savings rate as a problem since the money isn't doing anything in most cases.
This is psuedo-science at its worst. Totally unsupported assertions contradicting each other in several places. Link to a good refutation: http://echidneofthesnakes.blogspot.com/ Scroll down a bit, it's a four part series.
http://echidneofthesnakes.blogspot.com/
Scroll down a bit, it's a four part series.