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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (218925)2/5/2003 12:44:30 PM
From: Agamemnon  Read Replies (2) of 436258
 
Roach arguing budget def. doesnt have saving cushion:
the net national saving rate (2002)...fell to a record low of 1.6% of GDP... (1981 it was about 9%)

I'm not sure I buy this because after 20 yr up cycle personal assets should be higher than 1980 esp. after rust belt cave in. So if RE & market accounts (LOL)..etc were cashed in partially into savings then it must be closer to 9%. Of course the joke here is market accounts will mostly be cashed out at the retching bottom.
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