Re: "Investors 'shrug off' manufacturing weakness" - What a COMEDY!

"FrediFizzx" <fredifizzx@[EMAIL PROTECTED]
> wrote in message 
news:63bcacF25ni6cU1@[EMAIL PROTECTED]
> "John Galt" <whoisjohngalt@[EMAIL PROTECTED]
> wrote in message 
> news:dr_zj.20022$fB7.14541@[EMAIL PROTECTED]
>>
>> "Balanced View" <Nill@[EMAIL PROTECTED]
> wrote in message 
>> news:fqp9pq$mdp$1@[EMAIL PROTECTED]
>
>
>>> It doesn't matter how you parse it, people are living beyond their 
>>> means. I don't know how you can look at the
>>> stats and nor see this.
>
> Some people do; most people don't.  Some young adults tend to live
beyond 
> their means; most older folks don't.
>
>> Different question. Americans have been living beyond their means for 
>> decades. Take a look at the horrid state of retirement savings. You
don't 
>> need the savings rate stat to see that.
>
> And your reference for this "horrid state" is what?  Personal net worth 
> has never been higher than now.  It is even higher than ever if you 
> subtract home equity from net worth.  Most Americans save via their home

> owner****p and around 50% of US homeowners don't even have a mortgage on 
> their primary residence.  It's all gravy for them.
>
I find it difficult to grasp that 50% of US home owners not having a 
mortgage on their homes.  Sure is not the case in California...  Perhaps
in 
th areas of really cheap housing... Anyway..just my opinion as I have no 
data to sup****t my posiiton...