Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Jamuck who wrote (5843)	12/5/1998 5:38:00 AM
From: accountclosed	Read Replies (2) \| Respond to of 14427

"I don't think those figures considered any 401K money savings; which seems absurd on the face of it " So by extension would you say that 401k's were savings accounts? I agree with what you are trying to get across in that there may be some over-glib interpretation of what the numbers mean. But the number itself is axiomatically fraught with problems. No matter what is defined as "savings", it won't suit all uses of the number. There is a broad range from demand deposits to lottery tickets, and at some point the vehicle is speculative enough to not consider it savings.