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To: pater tenebrarum who wrote (42403)11/30/2000 11:26:55 AM
From: Box-By-The-Riviera™  Read Replies (2) | Respond to of 436258
 
so in other words......this would be a really bad time for the economy if people suddenly started acting prudently about their savings.....

no blessing for late wisdom

got hindenburg?



To: pater tenebrarum who wrote (42403)11/30/2000 1:21:09 PM
From: Mike M2  Read Replies (1) | Respond to of 436258
 
Heinz, you make an important point that low to negative savings rate has boosted consumption and that a rise in the savings rate will slow the economy. Historicly, the absence of the stock market wealth effects have been followed by a rise in the savings rate. Mike


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