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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Joseph G. who wrote (32876)	9/25/1998 2:32:00 PM
From: Joan Osland Graffius	Respond to of 132070

Joseph, >>Why save if we all gonna have a ton of cap gains? -g- Or if we are going to have inflation of goods. Joan

To: Joseph G. who wrote (32876)	9/25/1998 2:35:00 PM
From: Mike M2	Read Replies (3) \| Respond to of 132070

Joe, I have a ? with respect to the savings computation is the employer 401 k contribution included in the numbers? Either way the savings rate in the U.S. is dismal . The complement to this low savings rate is that consumption is higher than would otherwise be the case without the stimulative wealth effect of the stk mkt bubble. This behavior will exacerbate the next recession because the economy is geared up for an unsustainable level of consumption based upon debt and bubble mkt gains. Will