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Strategies & Market Trends : Waiting for the big Kahuna

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To: Lucretius who wrote (34445)	11/25/1998 10:28:00 AM
From: RealMuLan	of 94695

Americans again dip into savings Latest numbers show spending still outpacing income ASSOCIATED PRESS WASHINGTON, Nov. 25 — Americans spent more than they earned again in October, borrowing and dipping into their savings, mutual funds and home equity to maintain their standard of living. The U.S. personal savings rate — savings as a percentage of after-tax income — was minus 0.2 percent last month. That followed a rate of minus 0.1 percent in September and was the worst performance since 1959, when the government began tracking the figure on a monthly basis. msnbc.com

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