Aren’t we always in the intersection of autonomous and accommodating flows?

Sir, Tony Thirlwall in “US consumers are the global gluttons” June 15, makes a reference to Nobel Prize winning James Meade’s differentiation between “autonomous” and “accommodating” flows while trying to sort out the “savings glut” or “money glut” discussions initiated by Martin Wolf’s “Who are the villains and the victims of global capital flows?” June 13. I am not sure how much this really helps, as we are always in the intersection of the autonomous and the accommodating flows, without being much wiser for that.