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Technology Stocks : All About Sun Microsystems
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To: Charles Tutt who wrote (36504)10/13/2000 8:41:30 PM
From: Skeeter Bug  Read Replies (2) of 64865
 
charles, what you are saying is that you don't know whether they are right or wrong b/c you don't keep educated in these matters. wrt the savings rate figures and whether they underestimate savings, it could be true, it coulkd be false. the govt is horrible when it comes to statistics as shown by their use of noneconomic hedonic pricing to boost productivity and gdp growth by 100%. the fact is the statistics said savings went negative and the absolute number isn't important - the trend is.

if the statistic understates savings then it has, more than likely, always understated savings. the absolute number may be wrong, but i'll bet you the TREND is right. the trend is that people are saving less than they used to. did "current issues..." deny this? i bet not.

the main point would still hold. how long can people keep saving less (negative or positive in absolute terms, doesn't matter) to boost the stock market?

i suggest you educate yourself wrt hedonic pricing (that is a biggie and exposes the "new era" or "productivity revolution" as statistically manipulated hot air) and what refinancing did in 1998 and 1999 and what phenomenal money supply increases did in late 1999 (well, you know what happened - the stock market soared w/ little fundamental change. you may not know why... now ya know.)

what happened shortly after the money supply growth was slowed? i bet you know... 35% losses in the bubble naz.
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