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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (67618)	4/14/2005 12:37:15 PM
From: Elroy	Read Replies (2) \| Respond to of 77400

But make no mistake, the US trade deficit is worrisome. We can't have all of the US economy as only consumers of chinese goods. This doesn't work. Yeah, I was amazed to read a statistic that said Americans save 1% of their after tax income. That's incredible! That it's so low. My behavior is totally unAmerican in this area (I probably save ~50% of my after tax income). It's not a new thing at all, but the number is just sort of mind-boggling. How do people ever get rich if the average dude saves only 1% of his after tax income? And somebody is buying all those million dollar California homes, so somebody is getting rich.