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To: RealMuLan who wrote (59333)11/11/2006 3:10:12 PM
From: RealMuLan  Respond to of 116555
 
U.S. savings habits improve - a bit
By Dina Hampton
November 10, 2006
investmentnews.com
For the first time in years, improvements, however slight, are being seen in the savings habits of Americans.

The personal savings rate rose from -0.6% to -0.5% in the third quarter, according to a study released today by the Securities Industry and Financial Markets Association.

Personal savings reached an all-time low in the third quarter of 2005, to a negative 1.5% of Americans' disposable personal income

That means that for the past year and a half Americans have been "dissaving," with outlays exceeding personal income, according to SIMFA.

But personal savings, though still in the red, showed a slight improvement in the quarter just ended as personal savings rose to a negative $46.8 billion from negative $54.6 billion in the second quarter.



To: RealMuLan who wrote (59333)11/11/2006 3:22:49 PM
From: bart13  Read Replies (3) | Respond to of 116555
 

Mr. Rubin served as Treasury secretary from 1995-1999 in the Clinton administration and helped end a string of budget deficits during that period, bringing the government into a brief surplus before it slipped back into deficits after President George W. Bush took office in 2001.


This is one of my favorite political/economic BS items.

There was no surplus in Clinton's 2nd term if you count off budget items and don't pay attention to the real deficit.