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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (63356)	6/28/1999 5:25:00 PM
From: SeaViewer	Read Replies (1) \| Respond to of 132070

The herd is still thinking the return on capital gain is higher than interest charged on the debt. When it finds out the truth, everyone is going to exit and we get the BK.

To: Knighty Tin who wrote (63356)	6/28/1999 5:38:00 PM
From: Les H	Read Replies (2) \| Respond to of 132070

re: savings rate biz.yahoo.com Also contains interesting info on wage inflation. The data is artificially suppressed by farm depression (13.9 percent decline in farm income) and by slow manufacturing recovery. Even with the above negative influences, average wage up 0.5 pct last month, 0.5 pct the month prior.

To: Knighty Tin who wrote (63356)	6/28/1999 5:54:00 PM
From: DJessen33	Read Replies (3) \| Respond to of 132070

MB, This saving rate thing gets me. What difference does the savings rate make? This is the wrong stat to focus on. What constitutes savings---cash in hand? Everything that has value has a risk associated with it. Are bonds considered savings? Money under the mattress savings? People may not have as many CDs as before as they think they are saving through "investment" in the stock market which, at this point, may have more risk than others. The more tale-tell stat would be the ratio of personal debt to net worth or debt to savings/investment... DJessen33

To: Knighty Tin who wrote (63356)	6/29/1999 3:01:00 AM
From: PaperChase	Read Replies (2) \| Respond to of 132070

For once I am in agreement with you about investors not spending their capital gains to fuel the retail sales. Pure drivel. Many are afraid to take money off the table because of feared tax consequences and missing the next leg up in the mighty bull market. (Which will happen later this week.) However, is it irrational for consumers to take on more debt if they see a brokerage statement or house appraisal showing whopping increases in value? Maybe not. I had a slow month debt wise in June. My total credit lines only increased by 1.5% this month. Now that scares me. <g>