From: Manoj Kasichainula (manojk@io.com)
Date: Thu Mar 23 2000 - 18:46:19 PST
Wrap your lines at 72 characters, please.
On Thu, Mar 23, 2000 at 09:26:56PM -0500, Rimpinths@aol.com wrote:
>
> However, bubbles need capital, and unlike desires, capital is
> finite.
Really? When stock can be used as capital, capital is theoretically
infinite.
> I just don't buy this argument. I've read both of Dent's books, and
> I think his arguments are interesting, but I find it mind-boggling
> that nowhere does he explain why the personal savings rate has been
> declining for the past decade.
I thought that the savings rate didn't take things into account like
stock market investment. That makes it easy to explain a negative
rate.
This archive was generated by hypermail 2b29 : Thu Mar 23 2000 - 18:47:14 PST