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To: Sarmad Y. Hermiz who wrote (122301)3/31/2001 10:28:45 PM
From: GST  Read Replies (3) | Respond to of 164684
 
Sarmad: "So I just don't see where is the supporting evidence for the idea that americans are buying stock with borrowed money." Americans are buying stock and borrowing money to buy things -- including but no limited to homes. What they are not doing is saving -- in February the savings rate was negative.