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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Naveen Kumar who wrote (13904)	2/7/1998 1:09:00 PM
From: Mike McFarland	Respond to of 18056

I hope so. I've been bearish on the market so long I cant even remember when I chose to favor savings over "investment"--maybe it was 1987. Someday saving will be fashionable, of course, with most people rich off MSFT, price inflation will make me a comparative beggar. If the government stopped taxing interest on savings then the increase in savings would drive interest rates down. I would guess that retired people on fixed incomes like the current situation--rates high relative to the rate of inflation. Lenders probably like high rates too-- you know, now that I think about it, the mortgage interest deduction is a real load of crap--people with mansions get a much better deduction than I do. Hmmmm