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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (64885)	6/29/2006 3:51:33 PM
From: CalculatedRisk	Respond to of 110194

Personal savings were revised down significantly in the final QDP report. In the prelimary Q1 GDP report, personal savings were a negative $50.5 billion and the personal saving rate was reported as a negative 0.5 percent in Q1, 2006. In the final Q1 GDP report, personal saving were a negative $128.1 Billion, and the savings rate was a negative -1.4%; almost as bad as the Q3 2005 savings rate that was partially attributed to hurricane Katrina's impact. Hurricane Katrina impacted personal savings in Q3 2005. In Q4 2004, the Microsoft special dividend distorted the personal savings numbers. In Q3 2001, personal savings spiked due to consumers behavior following 9/11. Even though GDP was strong in Q1, the negative personal savings rate is a concern.