"John Knight" <johnknight at usa.com> wrote in message
news:QxC19.45140$Fq6.4023681 at news2.west.cox.net...
>> "Parse Tree" <parsetree at hotmail.com> wrote in message
> news:6Wn19.62$dn3.25537 at news20.bellglobal.com...>> > > In 1965, American family incomes were five times that of Japan, but
now
> > > they're a half to a third of Japan's. If you want a REAL standard,
use
> > the
> > > yen rather than the "consumer price index" (though they'll produce the
> > same
> > > results, since Japan uses the gold standard).
> >
> > But you posted that Japanese family income was 1/3 of American family
> > income. Were you mistaken there?
> >
>> WHAT? Read that post again. Better yet, here are the exact figures:
>> A) Japan's median household income for the month of December 1999, at the
> height of the "Asian economic crisis", was $9,819
>http://christianparty.net/japan1999income.htmhttp://groups.google.com/groups?safe=off&ie=UTF-8&oe=UTF-8&as_umsgid=a3T09.3
4142%24Fq6.3318011 at news2.west.cox.net&lr=lang_en&num=50&hl=en
"As it is, the US median household income in 1996 of $35,172 is ONE THIRD of
that of Japan, which was $9,819 in December 1999."
Was that a typographical error?
> B) The US median household income per month in 1996 was $2,931
>http://christianparty.net/familyincomes.htm or
>http://www.census.gov/hhes/income/mednhhld/ta2.html>> Please tell us how you "interpreted" this to mean "Japanese family income
> was 1/3 of American family income". It's the other way around. To be
> precise, $9,819 / $2,931 = 3.35, which means that Japan's household
incomes
> are more than THREE TIMES higher than ours.
I was basing it on what you posted. It's evidently erroneous.
> AND--they spent only 9% for government, while we spent 42%.
>> AND--they SAVED 43% of that, whereas we saved NOTHING, and in fact had to
> dip into whatever is left of "personal savings" in order to pay the
interest
> on the debts.
43% savings is an unsafe level.
http://www.shh.fi/depts/natikka/courses/courseshomeps/intekon/ondrej.doc
"Historically, there is a high saving rate in Japan. Since 1963 the Japanese
private saving rate exceeds the U.S. saving rate. While the saving rate in
the USA was pretty stable on the level little bit less than 10 % of NNP and
decreased in the second half of the 1980s to 5 %, Japan´s saving rate was
during the whole period higher with about 5 % and it reached almost 25 % in
early 1970s.
During the period after World War II when there was enormous economic
growth, these savings were consumed by high investments. However, a slowdown
in anticipated growth in the 1990s has led to a sufficiently large imbalance
between saving and investment. So even if the interest rate decreased to
almost zero, there is still excess of savings. But why does somebody want to
save money when interest rates are almost zero?"
> This doesn't require algbra or probability and statistics to comprehend,
you
> know. ALL you need to know is addition, subtraction, multiplication, and
> division!
I took what you said at face value. The fault partially lies with you.
