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To: carranza2 who wrote (121100)6/28/2002 3:26:08 PM
From: T L Comiskey  Read Replies (1) | Respond to of 152472
 
c...I know 3 people here in N Ca who recently lost their jobs...they were told by their employers to 'Save Up'..that things were not good....
one of the firms closed their doors...the others are down to the bonz....
So yes...savings 'may' be up..but so is the fear factor...
t



To: carranza2 who wrote (121100)6/28/2002 8:10:23 PM
From: Neeka  Read Replies (2) | Respond to of 152472
 
Here's more evidence that the savings rate is going up. It went up to 3.1% in May from 2.8% in April.
While it's still low by historical standards, the trend is towards a higher savings rate


Any good suggestions on where to get a better than 1.3% rate on cash?

M



To: carranza2 who wrote (121100)6/30/2002 2:18:31 AM
From: Skeeter Bug  Read Replies (1) | Respond to of 152472
 
i thought Richebacher's thesis was that the negative savings rate was helping to feed this bubble economy and that the negative savings rate was unsustainable over the long term so... prepare yourself in advance.

increased savings and decreased spending seems to be exactly what Richebacher's was talking about BEFORE it happened.

correct me if i'm wrong...