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We are obviously not the norm...
Old 08-09-2005, 12:24 AM   #1
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We are obviously not the norm...

For people that didn't see this in the paper yesterday:

Personal savings rate drops to lowest level ever (besides depression era)

I think we must be far from the norm in here...

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Re: We are obviously not the norm...
Old 08-09-2005, 01:07 PM   #2
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Re: We are obviously not the norm...

There is a world wide surplus of savings, but much of it is being generated overseas. Since the US is currently a popular place to put these savings, there is no shortage of capital in the US. There is actually a surplus, as shown by low long term rates.
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