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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: tradermike_1999 who wrote (294)10/30/2000 7:21:04 AM
From: Wyätt Gwyön  Read Replies (1) of 74559
 
Personal savings dropped to -$15.3 billion and is now -.2%, meaning that the average consume is awash in debt.

I think the personal savings numbers are suspect. They don't take capital gains into account. What about the people who stopped saving because they stopped working because they had a lot of capital gains? These people will show as negative savers, even though their net worth could have increased tremendously to the point where they don't need to work.
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