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To: Victor Lazlo who wrote (123340)	4/9/2001 10:34:30 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 164684

victor, i can define savings. so can anybody. we'll all come up with different definitions. i'd argue savings is the cumulative total of all dollar not in high risk investments. i would include $$$ in money funds, cds, etc.) i would not include money in the market. i would call that speculative savings and track it separately. i would count the dollars regardless of tax status (401k or cash). i'd adjust tax deferred money to account for tax loss. nobody cares what i think, though. what we do know is that folks have saved less using the govt definition. the trend is important. why? i think it reasonable to assume the bubble market provided confidence to outspend one's means. most, if not all, of that money is GONE. i fully expect savings to go back to historical rates. i fully expect that the evaporated money will be backfilled. that means less savings. we can define debt, though. isn't it shocking that equity is DOWN in many bubble housing markets?