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To: Cogito Ergo Sum who wrote (529)	2/3/2003 9:46:38 AM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 1210

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), that's absolutely ridiculous. the only interpretation that would admit that is if declared gains exceeded declared losses by 8% - 1.6% = 6.4%. however, this would imply undeclared losses equal to more than what the stock market lost (over a trillion), so it is a meaningless statistic. furthermore, it is not consistent with stats used in prior cycles, so it is meaningless for comparison purposes.