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To: Sarmad Y. Hermiz who wrote (125788)5/31/2001 8:57:41 PM
From: Victor Lazlo  Respond to of 164685
 
<<But I did read in Business Week a week ago an article that explained why the savings rate is much higher than it seems. >>

Sarmad if you keep your eyes peeled, you'll see similar articles from different sources, using different reasons to argue the point. I saw the Bus Week article and its reasoning was somewhat cerebral, and I had to read it twice to understand what they were saying.

But it is interesting that nobody on this thread, has chosen to argue with me on my reasoning or my facts when I say that the govt's measure of "personal savings " is far out of date, and innacurate.

This includes those doomesday prophets who say the end is near because they read the govt's measure of "personal savings " and they freak out. What they cannot do is think for themselves, to discern the reality that things are not as bad as the inept govt people say they are.

There is tons of cash and bond savings and small bus equity and rental property, and on and on, out there that the govt does not see in its "personal savings " measurement.

Well see you've got me all worked up again, but oh well, I better go now and check the water supplies in my subterranean bunker!!
Victor