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To: Mark Bartlett who wrote (43331)	10/19/1999 8:14:00 AM
From: Hawkmoon	Respond to of 116779

Not sure about the rules for your 401ks - but can't people sell and move into cash - as long as they keep their $ in the 401k? Sorry Mark, I thought I had been more clear with my comments. You're quite right. Within your IRA/401K account one can move to a number of different asset options, including cash. What I was trying to point out is that, while Americans are accused of not saving more, IN FACT, the money they have in all of those IRA's/401Ks, IS SAVINGS. It is just not being held in the form that the banking statisticians would like it to be held, namely cash accounts and CDs. The danger here is that AG may be fighting a losing battle with American savers who are seeking the greatest return on their investments. And in fighting it/them, actually may do more harm to the economy than good. There is just no way that people can expect Bonds to provide the same yield as stocks during this kind of economic cycle. And AG shouldn't be hiking rates to the extent that he can provide equilibrium in those markets. People are in an investing mode, whether it be domestic investment, or international funds.. etc. It is due to their demographic age. Let them reach retirement, AND THEN THEY WILL SEE SAVINGS, just like Japan is seeing right now. People really fail to include demographic trends in analyzing the various markets as well as the overall economy. This economy is hot because there is a huge mass of human bodies reaching their peak earning power. As Harry Dent states, it's like a pig moving through a python and the baby boomers are distorting the economy to a massive extent. For AG to try to fight this trend is tantamount to a banker trying to impose birth control or social engineering. Regards, Ron