Wow, talking about allowing Ignorance to run rampant, those numbers a Rubbish!
Last year there was over 1/2 Trillion dollars deposited into Mututal funds via 401k plans! That report Forbes references ignores said deposits and misleads those incapable of discerning said reports! The problem is it's NOT reported and picked up by the old reporting methods! It's amazing that Forbes is incapable of figuring that out, OUCH!?
This is the same problem with all the Ignoramous-es reporting that the savings rate is going net negative, bafoons, who in their right mind would put money into savings when they can put it into 401k's and avoid taxes! AGAIN, the 500 Billion of 401k savings gets clasified as retirement money-e's and is NOT picked up in the Savings Numbers! This opens the door for Ignorance to take hold and report that of which is, well, unreported, LOL!?
It's time EVERYONE catch up with the times and start understanding the inaccuracy's being reported by OLD Reports that don't pickup the NEW vehicles being used to deploy assets!?
Just trying to set the record straight, 1/2 Trillion dollars being deposited Yearly, dats a lotto $USD's, even after they are cut down by 75% by dollar devauational waves (or Paulson shorting-em but Good, da-$USD dat is, LOL)!
Regards,
nm
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