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To: Mike M2 who wrote (91384)4/7/2001 2:21:12 PM
From: JRI  Read Replies (2) | Respond to of 436258
 
William- The figure I've heard is 4%...that for every dollar in portfolio gain, one increases on average spending .04 cents.....I heard this figure a couple years ago (when we had a "wealth effect"..

Any idea about its validity?....don't recall where I heard some (some economic survey/thinktank)....have always kept it in mind..