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Politics : Ask Michael Burke
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To: pater tenebrarum who wrote (80323)5/2/2000 12:00:00 PM
From: Don Lloyd  Read Replies (1) of 132070
 
hb -

[...the trend in the savings rate has been so extreme...]

Looking at the chart, I find that the thing that attracts my attention is not the savings rate itself, but rather the year markings on the horizontal axis. The years that correspond to the sharp falloff in savings rate are also those years in which the credibility of all government statistics has collapsed. I suggest that either the falloff in savings rate may be just the part of the measurement balloon that is not being directly controlled popping out, or that the falloff may be understated due to the faked numbers on GDP, productivity, CPI, etc. I have no clue as to what the effect on the savings rate would be from the rest of the manipulations, but just that it would be unlikely for there to be no effect.

Regards, Don

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