Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Carragher who wrote (31227)	6/2/2005 10:24:41 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 116555

John, Bush did not create the low savings rate. Greenscam did. It is a huge mystery why Americans won't save at taxable interest rates of 1% less than inflation. <G> In the 70s and 80s, everybody and his brother were loaded down with CDs yielding double digit rates. Now we fund the financial institutions with Fed credit creation, not consumer savings. So, this is one of the few evils that Bush did not create or make much, much worse.

To: John Carragher who wrote (31227)	6/2/2005 2:43:20 PM
From: regli	Read Replies (1) \| Respond to of 116555

I second the comments by Knighty. However, I believe that government deficits subtract from savings and here there is absolutely no excuse for Bush.

To: John Carragher who wrote (31227)	6/2/2005 7:20:39 PM
From: anachronist	Read Replies (1) \| Respond to of 116555

brookings institution must be supported by left. they blame Bush for americans not saving. Oops, your agenda is showing. They are blaming Bush for not raising taxes and/or restraining spending in a fiscal austerity program. 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. You almost got it right. Paying off your mortgage is saving. However, asset inflation (ie. home prices going up) is not saving. Savings is either paying off debt, or spending less than your income. Does investments in stock market capital gains count in savings? No, thats investment. Its different from savings on a Keynsian technicality.