"John Knight" <johnknight at usa.com> wrote in message
news:FXy%8.17564$Fq6.2089077 at news2.west.cox.net...
> "Bob LeChevalier" <lojbab at lojban.org> wrote in message
> news:tk1rju8dfvhuruel2dstshlkvn761cr8pk at 4ax.com...> > "Richard C. August" <raugust at ptd.net> wrote:
> > >US GDP has absolutely NOTHING, NADA, ZIP, ZERO to do with the FACT that
> we
> > >have 400 times as many lawyers as the Japanese. In the trade wars vs.
> the
> > >Japanese, guess who's winning and has been winning since the late
1970s?
> >
> > The stock market is tanking and people still think our economy is
> healthier
> > than that of the Japanese.
> >
>> Isn't that precisely the point?
>> Isn't it a FACT that what the majority of the graduates of our "schools"
> "think", and what constitutes reality, are exact opposites, way too often?
>> Less than 5% of Japanese households' financial assets are in the stock
> market, so the Nikei could drop into the Pacific Ocean without them hardly
> noticing that it's gone. What this two year long drop in the US stock
> market did by wiping out $trillions in financial assets has yet to be
> learned, but the simple fact that we are the only industrialized nation in
> the world with a *negative* personal savings rate SHOULD have given some
> Americans a clue. They seem to have completely forgotten what the phrase
> "personal savings" even means, though.
>http://christianparty.net/japan.htm>> According to the Japanese government's official web site (a very
> conservative site), in this midst of this putative Asian economic crisis,
> the Japanese shoveled another $2 trillion in personal savings on TOP of
the
> $30-40 trillion they already had in personal savings. Even "liberals"
like
> you would probably enjoy such an economic crisis, eh?
Actually, if you had any type of economics background you'd realise that the
Japanese actions are the complete opposite of what should be done. Japan
will be stuck in a slow down for quite some time do to their massive
propensity to save as opposed to consume.
> The *official* average Japanese household income in December 1999 was
$9,819
> just in that one month, which is two to three times higher than ours.
>http://christianparty.net/japan1999income.htm>http://christianparty.net/familyincome.htm
The GDP per person in the US is much higher than that. How is this
possible?
> Even better they SAVED 43% of it, and spent only 9.9% for taxes, compared
to
> a NEGATIVE 1% US personal savings rate, and a 43% tax rate. In other
words,
> what the average Japanese household put in the bank, our government SPENT
> (as a percentage, not absolute dollars).
Good. That means you won't have the same type of economic crisis as Japan.
> How many of these radical feminazis encumbered with so much "negative
> knowledge" do YOU expect to even be able to understand this "abstract
> concept", much less to appreciate the significance of it?
Take a course in macroeconomics.
