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

To: orkrious who wrote (71329)2/3/2007 1:09:35 PM
From: jimmgRead Replies (3) | Respond to of 306849
 
<he personal savings rate was negative 1%, the lowest since the great depression. It can't (and won't) continue.>

and yet personal net worth has skyrocketed over the past 2 years.

It can continue for a lot longer than most think. When you compare personal consumption to (wages + change in net worth), personal consumption was very low.

There is still a tremendous amount of buying power left.


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