"John Knight" <johnknight at usa.com> wrote in message
news:1bY%8.20655$Fq6.2434522 at news2.west.cox.net...
> "Parse Tree" <parsetree at hotmail.com> wrote in message
> news:F4B%8.10387$sb5.1039692 at news20.bellglobal.com...> >
> > "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.
> >
>> This, in fact, is a LIE.
>> You could not believe this LIE if you had even a remote understanding of
the
> math you claim to be an expert at.
You obviously have never taken a course in macroeconomics.
A high marginal propensity to save means that they have a low propensity to
consume, and thus the aggregate demand is low. Consequently, economic
growth will continue to be slow while this trend continues.
You are aware that the Japanese economy is in a slump, right?
> > > 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?
>> GDP per person and household income are obviously different figures. The
> latest figure from the US Census Bureau, after a 7 year slide in American
> household incomes, was $35,172, in 1996, which is $2,976 per month, which
is
> ONE THIRD of the average Japanese household in December 1999.
>http://www.census.gov/hhes/income/mednhhld/ta2.html
So instead American's are so wealthy that they own their own residences? In
Japan, many people are crammed into a small area, but in the US that same
number of people would have multiple places of residence.
> > > 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.
> >
>> This is really rich. If you REALLY *think* that putting TWO TRILLION
> DOLLARS into personal savings is an "economic crisis", you are a FAR, FAR
> bigger moron than you've demonstrated thus far.
Yes, it is an economic crisis. If consumers fail to consume, then the
economy falters. Actually, that would probably lead to deflation.
> > > 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.
> >
>> Should I make sure I have a jewish "teacher"?
It doesn't really matter. As long as he's Keynesian, he teaches from the
same basic precepts.
