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To: Thomas Mercer-Hursh who wrote (40316)3/12/2001 3:46:53 PM
From: stockman_scott  Respond to of 54805
 
<<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.>>

A very good point!

Best Regards,

Scott



To: Thomas Mercer-Hursh who wrote (40316)3/12/2001 11:19:54 PM
From: freeus  Read Replies (1) | Respond to of 54805
 
Actually a shift from money in a cd or savings account into mutual funds or stocks lately WOULD have meant a decline in savings.
Freeus


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