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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Chip McVickar who wrote (2207)	11/10/1999 12:01:00 AM
From: Hawkmoon	Read Replies (3) of 3536

The best single measure of the impact of the stockmarket on America's economy is private-sector net saving—the gap between the disposable income of households and firms, and their spending on consumption and investment. I just get a kick out of these political statements by European economists. They gripe about lofty heights of the US stock market and the lack of savings by Americans. Yet they continually dismiss the fact that Americans are saving in ever greater quantities, as measured by the trillions of dollars that are invested in IRAs, 401Ks, pension funds... etc, etc, etc. This issue is that Americans are just not saving in the traditional manner they are used to, namely cash in an interest bearing savings account or CD. They are putting their money to work for the long term in equities and deriving greater returns. Yes... the boom will eventually end, but it will probably be the result of a demographic or crisis related event(world war.. etc), and evenyone else will suffer just as terribly. Just my .02 worth. Thanks for the article Chip... Regards, Ron

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