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The Straight Truth About the Bush Economy
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<blockquote data-quote="wkmac" data-source="post: 77703" data-attributes="member: 2189"><p>I do think it should be noted that not always dipping into one's saving or taking on debt is a negative. There are some cases where the debt is a result of buying a home and the dipping into savings was a result of the down payment so the true net effect longterm was in fact a wealth accumulation not a loss of savings. The point being not all dips into savings are foolish spending but rather moving $$$$ into different types of wealth generating assets.</p><p></p><p>I do agree the saving and debt ratios are concerning but you have to look hard at the numbers because the real picture is not always apparent.</p><p></p><p>JMO.</p></blockquote><p></p>
[QUOTE="wkmac, post: 77703, member: 2189"] I do think it should be noted that not always dipping into one's saving or taking on debt is a negative. There are some cases where the debt is a result of buying a home and the dipping into savings was a result of the down payment so the true net effect longterm was in fact a wealth accumulation not a loss of savings. The point being not all dips into savings are foolish spending but rather moving $$$$ into different types of wealth generating assets. I do agree the saving and debt ratios are concerning but you have to look hard at the numbers because the real picture is not always apparent. JMO. [/QUOTE]
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