Re: Does Japan's $93 trillion monetary base include their Postal Savings Accounts?

"Bob LeChevalier" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
> "Christian Party" <[EMAIL PROTECTED]> wrote:
> >The hyperinflation of the stock market caused stock market capitalization
to
> >increase to $14.5 trillion more than the real asset value of those
stocks.
>
> Who gives a s.it about your crazy theories?
>
> >This is $145,000 per household,
>
> Not relevant, since most stock is not held by households.
>

WHAT are you talking about?   You've been looking right straight at Table
1143 in the 2002 SAUS which shows that 18% of household assets are corporate
equities, 7% are money market funds, and 9.3% are mutual funds (a total of
$11 trillion in 2001).  On top of that, a large percentage of the $8.7
trillion in pension fund reserves held by households had been "invested" in
the stock market at the top of the market--just before the market crashed.
About $15 trillion of the $17.5 trillion stock market capitalization, or 85%
of it, was "held by households".

Who do you think holds "most stock"--squirrels?

John Knight