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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (50191)	5/18/2009 2:57:30 AM
From: TobagoJack	6 Recommendations Read Replies (1) \| Respond to of 217944

just in in-tray Notes from a meeting with a US banker last week that I thought interesting.... Most US people do not save and probably will never save. Over 25% of Wal-Mart's customers have no bank accounts - i.e. they live paycheck to paycheck. About 95% of the total savings in the US come from just 5% of the population.... Let's start this week off with a bit of humor (Paul Kedrosky's site): A hedge fund manager friend of mine got a call from a "very nice gentleman" at the IRS recently. The conversation went, he says, like this: Me: "Should I make the check out to the IRS?" Agent: "We would prefer it if you make it out to the US Treasury." Me: "Is that what Tim Geithner does? Oops, I forgot, he doesn't usually pay his taxes." Agent: [Chuckling] "I'm not going to comment on that." Me: "How about if I save you busy folks some time and just make it out to AIG or Goldman Sachs?"