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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (107529)6/8/2001 9:08:57 AM
From: Mark Adams  Read Replies (1) of 436258
 
CB posted the link to the actual Fed Paper.

Message 15906144

If you scan the paper- the info is quite clear- it's the top 20% income earners whose savings rate went negative that offsets positive gains of the other 80%.

While I agree that stock sales isn't consumption, the capital gains tax paid on those sales is based on the way NIPA is calculated. I think the trimtab paraphrase wasn't clear on this.
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