Begin forwarded message:
From: Russell Nelson <[EMAIL PROTECTED]>
Date: January 11, 2006 1:53:22 AM EST
To: [EMAIL PROTECTED]
Cc: Steve Schear <[EMAIL PROTECTED]>
Subject: Re: [IP] Americans saving less than nothing
From: Steve Schear <[EMAIL PROTECTED]>
Date: January 8, 2006 9:16:49 PM PST
To: [EMAIL PROTECTED]
Subject: Re: [Dewayne-Net] Americans saving less than nothing
The savings situation is made far worse by the enormous balance of
trade deficit, public and private debt (and average of > $350,000/
citizen) versus their net worth (< $50,000).
A trade deficit is not debt. It's very easy to understand why. You
always have a trade deficit with your local grocery store. You buy
and buy and buy from them, and they never buy anything from you. Yet
you do not owe your grocery store any money. Neither you nor the
grocery store owners think the deficit is bad.
--
--my blog is at blog.russnelson.com | A computer without
Python is
Crynwr sells support for free software | PGPok | like a CPU without
memory:
521 Pleasant Valley Rd. | +1 315-323-1241 | it runs, but you
can't do
Potsdam, NY 13676-3213 | Sheepdog | anything useful
with it.
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