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

To: regli who wrote (31226)	6/2/2005 6:19:59 AM
From: John Carragher	Read Replies (3) \| Respond to of 116555

brookings institution must be supported by left. they blame Bush for americans not saving. Americans have never saved. and it is not a zero sum gain in housing. the gains in housing over the last thirty years may be the only savings people have accumulated going into retirement. building equity in your house has been going on for decades. Does investments in stock market capital gains count in savings? I thought one time they didn't capture stock market or maybe it was 401k plans as part of savings.

To: regli who wrote (31226)	6/2/2005 10:32:44 AM
From: mishedlo	Respond to of 116555

UK house prices rose 0.3% during May, down from a 0.9% increase in the previous month, according to the Nationwide building society. On a three-monthly basis house prices rose by 0.5%, compared to 0.6% for the previous period. Year-on-year property prices rose by 5.5%, the lowest annual growth rate since August 1996. Nationwide said the figures strengthened its view that the housing market was heading for a soft landing. news.bbc.co.uk ----------------------------------------------------------- ----------------------------------------------------------- A "soft landing" for housing may not be a soft landing for the UK economy which, like the US, is heavily dependant on housing and consumer spending to keep the economy going.