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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (54136)	4/1/1999 10:14:00 AM
From: Kailash	Read Replies (2) of 132070

No savings? No worries - "the nation's savings rate is down, though the sluggish savings rate isn't a threat to the longest peacetime economic expansion in U.S. history because it misses important changes in the way Americans save and invest, analysts said. Instead of saving money in traditional savings accounts at banks, savings and loans or other financial institutions, consumers are depositing money in stock and bond retirement funds." bloomberg.com

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