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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (40306)	3/12/2001 3:44:30 PM
From: Thomas Mercer-Hursh	Read Replies (2) \| Respond to of 54805

Does 'The New Economy' have a new kind of business cycle?... Among other points, one of things that bothers me in this discussion is that there is reliance on amount of household saving, but in most cases with which I am familiar, "saving" is equated with money in a bank, not investment in mutual funds and the like. Thus, a shift from CDs and savings accounts into mutual funds and direct ownership of shares, which we have certainly seen in recent decades, appears as a decline in saving, when it might more properly be seen as a change in the instrument of that saving.