Shouldn't you be in church?
"John Knight" <johnknight at usa.com> wrote in message
news:u%S09.34130$Fq6.3317310 at news2.west.cox.net...
> "Parse Tree" <parsetree at hotmail.com> wrote in message
> news:R6q09.25675$dk1.2062610 at news20.bellglobal.com...> > "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?
> >
>> You do not have to be a "macroeconomist" to realize that an economy in a
> slump DOES NOT put $two trillion dollars into the bank in ONE year, do
you?
>> The Japanese put that much in the bank AND spent more than us for your oh
so
> precious consumer junk--but they bought their own junk, instead of ours,
or
> anyone else's, which is the REAL lesson of the "Keynesian" economics that
> you worship (but don't understand).
>> This is the big fat LIE that American students COULD understand in an
> instant if they knew the slightest thing about math (with NO consideration
> for "eocnomics" at all).
>> > > > > 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.
>> You've got this exactly BACKWARDS. Americans do NOT "own their
residences":
> THE BANKS OWN THEM. Our mortgage debt is now MUCH bigger than the entire
> net worth of all residential real estate, combined.
>> But the Japanese have almost NO mortgage debt, because they don't use
their
> homes like poker chips in the world's largest gambling casino, called
"Wall
> Street". And their average household savings of $1 million per household
> doesn't even include their homes, which is another $600,000 DEBT FREE.
>> >
> > > > > 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.
>> Let's leave this "economics principle" aside for a moment and consider how
> much you "REALLY THINK" it benefits the US economy if American consumers
are
> buying everything in town BUT products manufactured in the US?
>> If you look at the mechanical and electrical devices in your own home, my
> bet is that HALF of them were made in Japan (which is HOW they put $40
> trillion in their postal savings account), which did NOT benefit the US
one
> iota. The other half were made in China, Taiwan, Korea, the Phillipines,
> Ireland, Germany, even Italy and Portugal--NOT THE US.
>> If you look under the hood of a Chrysler, the ONLY thing that's not
Japanese
> is the alternator--WHICH IS GERMAN.
>> >
> > > > > 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.
> >
> >
>> It wasn't a "Kennesian" economics teacher who taught you this
> gibberish--this is straight from feminaziism.
>> John Knight
>>
