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Politics : Ask Michael Burke

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To: JRI who wrote (46606)	2/11/1999 4:42:00 PM
From: yard_man	of 132070

>>you know as well as I do that the "savings is negative" data does not include capital gains from stocks...therefore, the data is wrong and skewed...Even the Economist is writing articles based on your pt. #2 (agreeing with you!)...This is a loony argument.....Savings are up<< This is downright silly, IMO. No offense, but it assumes that the paper gains are the same as interest credited to your account. C'mon, you know it isn't the same thing. What if just 5% or 10% want to realize those paper gains and put them into some property or consume them? They are illusory and you know it ...

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