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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: NickSE who wrote (5051)	1/30/2000 8:05:00 AM
From: NickSE	Read Replies (1) \| Respond to of 42523

SI's razor sharp posters have realized the looming problem of a negative savings rate and margin debt explosion for over a year now and Summers and Greenspan are just now worrying about it. We're doomed!!! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Summers urges savings cnnfn.com ..."Our national savings rate is still far too low, driven by a personal savings rate that is not where it should be," Summers said, agreeing with a theme echoed by several economists here at Davos this week... Greenspan steers away from specifics cbs.marketwatch.com ..."The Fed is obviously worried" about the sharp increases in margin debt, Greenspan said, but cautioned that the Fed is reluctant to raise the margin requirements for borrowing to buy stock because larger investors often have alternative sources of funds outside their brokerage...