Does the Washington Post Editorial Board Know What a Financial Bubble Is?

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This is the beginning of an editorial on proposals to increase the national saving rate: AMERICANS DON'T save enough. For the past few years, Americans have been saving less than 1 percent of their disposable incomes, down from 11 percent in 1984. The problem may be ameliorated by wealth that's accumulated in the form of appreciated housing values and a growing stock market.

--Dean Baker

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