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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who started this subject	2/2/2002 12:48:29 PM
From: smolejv@gmx.net	Read Replies (2) of 74559

Germany - Consumer savings rate rises over ten per cent Cologne (AP) - in view of the unfavorable economic developments the consumers in Germany again stashed away more cash last year. As the Institute of the German economy (an institution close to employers) reports, the savings rate rose again for the first time since beginning of the 90's: from 9,8 to 10,1 per cent of the disposable income. According to the opinion of the economists German consumer, in view of prospects of a dark economic situation obviously again provided for bad times in advance. While the disposable income rose 3.6 percent in 2001, the current savings rate rose around more twice faster. In the 90's the readiness to save strongly diminished. The rate of saving in 1991 was still 13 per cent, but then sank to 9,8 percent in 2000. The experts see a possible cause for the varying appeal to save in the ups and downs of stock exchanges. The passed decade Germans moved their nest eggs more and more into equities and trust funds. The long continuing stock exchange boom let the savers at least on the paper get richer and richer. The economists believe that accordingly less was put aside. Now this flow has reversed: the weak stock markets led to increase in savings. from SZ some time last week dj

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