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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: russwinter who wrote (21443)	1/15/2005 4:53:47 PM
From: mishedlo	Read Replies (2) of 116555

Household Saving And Their Houses This report by The Northern Trust came out on Dec 7th I am repeating it for the benefit of anyone that might have missed it. Household Saving And Their Houses It’s different this time, right? Despite the fact that just about every measure shows that U.S. households spending more and saving less than ever before, there are somePollyannas who can find a naïve reporter to write a story asking you to suspend disbelief.We saw it at the time of the stock market bubble of the late 1990s. And now, in an article entitled “A Look Behind the U.S. Saving Rate,” in the December 6 edition of The Wall Street Journal, we see it at the time of the housing bubble. northerntrust.com

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