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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (115614)8/6/2001 2:09:38 PM
From: John Graybill  Read Replies (1) of 436258
 
Heard a clown (forgot his name already) on an NPR call-in money show last night. He waved away a caller's difficulty in saving any money in case of layoffs at his company by pointing out he's really no worse off than anybody else -- the entire country has a "negative savings rate".

And "negative savings" is just an statistical illusion anyway! Housing prices are going up, or at least have since you bought your house, so your savings are not only constant but increasing, and increasing automatically without you having to do anything about it.

So just take out a home equity loan and get with the program! Who's our next caller?
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