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To: GraceZ who wrote (161130)	4/20/2002 1:25:49 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 436258

Grace, My post was not very clear. When I think of savings I am looking at both sides of the balance sheet. The net asset value. I work with savings plans of professionals and do evaluations for many different reasons, none that I can remember are people with alcohol problems or trauma issues. Yes, my generation was into saving and making sure we had zero debt when we retired. I have done a sufficient number of models on work that I do where there is no way the younger generation can pay off their debts and retire with sufficient capital to pay the bills because of this debt load. I am finding that the latest market downturn has been devastating on my generations balance sheets. Some of these people were depending on these assets for income and they have lost 30 to 70 percent of this capital since 2000. I know some people who have had to take out loans against the homes that were debt free to pay the bills. We are not talking about the low end of the income class when they were working - we are talking about professional middle income earners who had saved like crazy during their working career. Wall Street hype, the media and their money managers were convincing these people keep their assets in indexes or equity funds that are now trading a much lower levels than they were in 2000. The other dynamic that is occurring is the younger people that are losing their jobs and losing their homes are coming home with their children to live with their parents that are retired. Have no idea what percent of the population all this affects, but it has to have at least a small impact on the economy. Could be small and will not show up in the numbers. BWDIK, Joan

To: GraceZ who wrote (161130)	4/20/2002 2:44:20 PM
From: Les H	Read Replies (1) \| Respond to of 436258

At least a quarter of the money held in banks belongs to foreign nationals, $ 1.7 trillion out of $ 6.7 trillion in total. There's also the outflow of dollars back to families of foreign nationals and of recent immigrants. Read that the U.S. ships dollars to Mexico each year to the equivalent of 10 percent of that country's GDP.

To: GraceZ who wrote (161130)	4/20/2002 9:42:05 PM
From: lisalisalisa	Read Replies (1) \| Respond to of 436258

<<<<<<<Not a week goes by where someone doesn't ask for my advice as to where to put cash, whether to keep it in money market, CDs or put it in bonds or stock funds>>>>>> Aren't you a money manager, or investment advisor or something similar? Wouldn't the fact that you tend to see people who have money, and savings etc, throw your observations a bit out of balance? I mean if someone did not have any savings, money or assets they would not be going to get investment advice, at least not as often as someone with money, correct? Or are you talking about just your friends, and people you happen to know?