A Jackass, his PAL(indrome), and GOLD Message Board

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Pastimes : A Jackass, his PAL(indrome), and GOLD

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To: orkrious who wrote (523)	2/2/2003 4:17:27 PM
From: Cogito Ergo Sum	Read Replies (1) of 1210

businessweek.com Well I bookmarked this back when because I wanted to see how it would play out. HIDDEN SAVINGS. The U.S. savings rate also is understated. Government statisticians typically nudge up household savings and income in almost every annual revision of gross domestic product. Including capital gains income, which isn't counted in the official savings measure, would also boost the personal-savings rate. Last year, the official savings rate was 1.6%, but including capital gains would have increased it to 8% (and that's despite the dramatic decline in the stock market), according to calculations by Merrill Lynch economists Bruce Steinberg and Mathew Higgins. I wonder how much capital gains there really are and secondly how the decline of the greenback effects the above statement. Is this real or more feel good hedonic accounting... EDIT: Up here it's reported higher 4.7% statcan.ca

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