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To: Charles Tutt who wrote (36504)	10/13/2000 8:41:30 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 64865

charles, what you are saying is that you don't know whether they are right or wrong b/c you don't keep educated in these matters. wrt the savings rate figures and whether they underestimate savings, it could be true, it coulkd be false. the govt is horrible when it comes to statistics as shown by their use of noneconomic hedonic pricing to boost productivity and gdp growth by 100%. the fact is the statistics said savings went negative and the absolute number isn't important - the trend is. if the statistic understates savings then it has, more than likely, always understated savings. the absolute number may be wrong, but i'll bet you the TREND is right. the trend is that people are saving less than they used to. did "current issues..." deny this? i bet not. the main point would still hold. how long can people keep saving less (negative or positive in absolute terms, doesn't matter) to boost the stock market? i suggest you educate yourself wrt hedonic pricing (that is a biggie and exposes the "new era" or "productivity revolution" as statistically manipulated hot air) and what refinancing did in 1998 and 1999 and what phenomenal money supply increases did in late 1999 (well, you know what happened - the stock market soared w/ little fundamental change. you may not know why... now ya know.) what happened shortly after the money supply growth was slowed? i bet you know... 35% losses in the bubble naz.

To: Charles Tutt who wrote (36504)	10/14/2000 5:57:20 AM
From: JDN	Respond to of 64865

Dear Charles: Damn, your reply was EXACTLY what I was thinking related to savings. Wont waste more space going on about it as you said it perfectly. I would like to say that pertaining to our govt. any expenditure is an expense. For instance, if they build a Post Office (and PO's are designed to last for 40 years when they plan them) its an expense of THAT year. If they buy land to improve a National Park etc. that also is an EXPENSE for that year. ETc ETc ETc. JDN