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To: Victor Lazlo who wrote (66356)7/5/1999 9:44:00 PM
From: KeepItSimple  Read Replies (2) | Respond to of 164684
 
> What govt stat shows wage inflation?

Oh, I dont know, perhaps the one called AVERAGE HOURLY WAGE.

The problem is that stock options are not included in the calculation of a person's wages. In fact, there is no government statistic that keeps track of equity prices at all. None. Zero.

The closest thing we've got is the IRS has experienced record capital gains receipts last year- so much so that Bill Clinton stated last week that if we can just keep up the same performance for the next 15 years, the national debt will be gone.

And if Michael Johnson could keep beating the world record by 1 second each year, by 2009 he would run the 200 meter dash in ZERO SECONDS!



To: Victor Lazlo who wrote (66356)7/5/1999 10:06:00 PM
From: Robert Rose  Read Replies (1) | Respond to of 164684
 
<Wrong, kis. The govt's measurements of savings rates are completely antiquated, and
everyone knows this. People are saving, just in different ways than they did 30 years
ago. Did you know that your statement above ignores 401k and Roth IRA savings
plans? >

I didn't know this. If so, then the nation would be in bigger trouble if it's savings rate were positive.