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

To: Beachside Bill who wrote (59678)8/10/2006 3:53:19 PM
From: Lizzie TudorRead Replies (3) | Respond to of 306849
 
I agree the "savings rate" that the fed uses is erroneous and silly.

Savings to most folks are stock investments, 401k/IRA (as you say- and these are also in stocks) and home equity. Thats it.

Nobody puts money in passbook savings accounts, although after this bear market rout and total decimation of the individual investor, plus savings account rates increasing, we might actually get some money in savings again. But who cares anyway? The only things that matter to me are the GDP reported by the fed, new jobs growth (not BS unemployment filing), and the trade deficit. Nothing else matters to me.



To: Beachside Bill who wrote (59678)8/10/2006 4:10:31 PM
From: XBritRead Replies (1) | Respond to of 306849
 
You could equally ask whether the historical savings rates include employer contributions to defined benefit pension plans. If you include both that and the tax sheltered individual retirement vehicles, I bet the deterioration over say the last 20 years will look even worse.


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