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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Sam who wrote (1674)	5/25/1999 10:04:00 AM
From: Henry Volquardsen	Read Replies (1) of 3536

Yes, I agree the savings rate stats are bogus. I noticed that when Greenspan made the comment. Listen closely, he was being very Clintonesque in his choice of words. He said that individuals were not saving out of current income. That feeds directly into the bogus savings rate methodology. Capital gains taxes get rolled into total taxes and therefore effect current income while capital gains themselves are not. I suspect he used that terminology intentionally.

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