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To: Bobby Yellin who wrote (39801)	8/31/1999 7:29:00 PM
From: d:oug	Read Replies (3) \| Respond to of 116972

Bobby, is this a great site because it agrees with your vision of the economy with a strengthening of your understanding and verification of your approach, or does this site, in your view, present a balance of many sides ? Could you please comment of the follow excerpt, as I get the message from this that those concerns expressed from Le Metropole Cafe are false. However, "negative" personal savings are mostly the byproduct of a gargantuan rally by equities, wherein the S&P stock price index has soared at an average annualized rate of 26% since year-end 1994. Thanks to a stock market rally of unprecedented scope, the market value of US household assets should appreciate by an estimated $2.6 trillion per year during the five years ended 1999, which would approximate a considerable 67% of that span's total wage and salary income. Reason not to fret over "negative" personal savings has been supplied by the much faster expansion of the sum of personal income plus household asset appreciation relative to total household expenditures (including residential investment). Since 1994, the estimated 11.5% average annual advance by the sum of personal income plus household asset appreciation has more than doubled household expenditures' accompanying 5.7% average annual increase. lp-llc.com thanks doug