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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 687.57+0.7%Dec 10 4:00 PM EST

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To: gfs_1999 who wrote (72465)3/17/2001 11:48:48 PM
From: Slava Chechik  Read Replies (2) of 99985
 
GFS!
US Savings Rate:
economagic.com
economagic.com
People will start to save when unemployment will be at least 7-8% and banks will stop mailing credit card applications.
They will start to save when they realize that government stole their Social Security Money and they have nothing to live on at the end of their life.
It was easy to get a good job in the last 7 years, so most of people spend a lot and borrowed a lot, and had no money left to save.

OT. I was in Rio last November. Great place! Especially Baha de Tujuca. Ipanema beach is nice too :-) Only at the end of my trip I used to "H' instead of "R" in pohtugeeze :-)
Good luck
slch
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