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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Amy J who wrote (25334)	11/20/2004 8:10:32 AM
From: Elroy Jetson	Read Replies (2) \| Respond to of 306849

1.) Let's say that the current savings rate is 0%. 2.) Let's say the savings rate suddenly became 20%. 3.) Let's say that our level of exports remained the same. Have you ever seen an economic recession where GDP declined by 20% before? That's why the current solution is borrow and spend. An increased savings rate would implode the Reagan spending/debt bubble. .

To: Amy J who wrote (25334)	11/22/2004 2:25:43 AM
From: John Vosilla	Respond to of 306849

<It's beginning to sound like the US economy is out of control since neither Greenspan nor Congress are being accountable for their actions. Instead they are pointing the finger at someone else, while no one takes significant action to fix the problem. No wonder the dollar is falling so aggressively lately> That quote is a classic. Great post. I think just about no one wants them to take action to fix the problem be it the US consumer, business owner, investor, or the net exporters to US such as European Union, China or Japan. The only ones I could think of that would want action take now are the few conservative US savers left mostly made up of senior citizens living on 1 or 2% interest.