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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (11132)	8/29/2004 3:55:30 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 116555

Fed Expected to Raise Interest Rates Analysts today say Bush would be hurt if the Fed does not raise rates because Kerry could argue it was growing economic weakness that stayed the Fed's hand. ``Ironically, if the Fed were not to tighten in September, it would be damaging to Bush and beneficial to Kerry,'' said William Dudley, chief economist at Goldman, Sachs and Co. nytimes.com

To: Steve Lokness who wrote (11132)	8/29/2004 11:14:56 AM
From: GraceZ	Respond to of 116555

The money you put in an IRA is counted towards the personal savings rate but not any money you make within the IRA or even within a taxable account until it becomes taxable income. So even if your IRA or Keogh or 401 makes more money than you do in a given year it doesn't add to the savings rate one penny until you take reported income and put it in. A person who contributes 3k to their IRA and promptly loses it adds more to the rate than a person who makes 100k every year within the IRA or tax deferred account.