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Pastimes : A Jackass, his PAL(indrome), and GOLD -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (523)	2/2/2003 4:17:27 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 1210

businessweek.com Well I bookmarked this back when because I wanted to see how it would play out. HIDDEN SAVINGS. The U.S. savings rate also is understated. Government statisticians typically nudge up household savings and income in almost every annual revision of gross domestic product. Including capital gains income, which isn't counted in the official savings measure, would also boost the personal-savings rate. Last year, the official savings rate was 1.6%, but including capital gains would have increased it to 8% (and that's despite the dramatic decline in the stock market), according to calculations by Merrill Lynch economists Bruce Steinberg and Mathew Higgins. I wonder how much capital gains there really are and secondly how the decline of the greenback effects the above statement. Is this real or more feel good hedonic accounting... EDIT: Up here it's reported higher 4.7% statcan.ca

To: orkrious who wrote (523)	2/3/2003 3:36:42 AM
From: LTK007	Respond to of 1210

The credit bubble they are centering is on realestate-mortgage financing and such and the prime implosion threat to its' bubble up is for the price of housing to slip or even flatten out, of course. So i have to look hard and find out what commences housing to level off and then slide? I feel the housing bubble most significant underlying cause is the sustained demand of people seeking the single most important hard asset for an american family to have, that is, its' dream home or, let's say "dream cave". Why cave, because if people are building anxiety up within towards the future their driving instinct is to secure a cave for the hardtimes, and this increases demand which pushes up price which then also gives the illussion that they are also making a sharp investment because the trend shows its' value will continue onward and upwards. So what can cause slow down? i do not think it will be a desire to buy homes but instead a drop-off of people who can afford to buy unless prices come down, is central factor to drive prices down. Another is, as the rate of foreclosures, that are rising rapidly, will force the mortgaging financing side to get tighter(excepting the scamsters). When the existing compulsion to get "a cave" has been satisfied by those that can get a deal done is followed by "i simply can't pay the price" then the trend down starts. The commencing of any down trend will then have a snow ball effect but i have no date, those at the cutting edge of all the data will know first. But that event would be the last nail in the coffin of the credit-levitation pyramid scheme would feel as the force of gravity takes hold and el pyramid crashes to earth, imo. Max p.s. has their been a bubble, if my small community(population 1,000 in the lowest human per square mile county rating east of the Mississippi) is an example, yes! i was just looking at the town real-estate evaluation average over the years. In 1970 the average evaluation was 3,000dollars, now it is 125,000dollars!( and yes the town is in green in their tax income versus money spent-- enough so they are going to pay out for a new evaluation appraisal;) Max