Clinton -- doomed & wagging, Japan collapses, Y2K bug, etc Message Board

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Politics : Clinton -- doomed & wagging, Japan collapses, Y2K bug, etc

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To: Jane Hafker who wrote (727)	11/2/1998 8:01:00 PM
From: SOROS	of 1151

USA Today - 11/02/98 Consumer spending - which represents about two-thirds of economic activity - grew at a healthy 3.9% annual rate in the third quarter, after shooting up at a 6.1% rate during the first half of the year. However, to achieve that pace, American consumers reduced their saving to almost nothing. They saved just 0.1% of their after-tax income in the third quarter. That's the lowest savings rate since the department began estimating it on a quarterly basis in 1946.

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