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Pastimes : Ask Mohan about the Market
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To: MythMan who wrote (10277)12/5/1997 1:17:00 PM
From: Bonnie Bear  Read Replies (1) of 18056
 
Pete: bankruptcies have soared in the last two-three year, the problem just gets worse with time. I'll dig out stats and post the link later in the day. The fed does assume that the guy in the street is not spending his 401K profit, otherwise they'd be seeing it in inflation numbers. Stock markets and crashes do not factor into economics very much, I saw a fed paper on this subject. Their history of stock markets suggests that boom and bust of stock markets really doesn't impact an economy very much.
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