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

"Christian Party" <[EMAIL PROTECTED]> wrote:
>Are you even looking at these tables?

Yes.  

Using Table 1143, from 1999 to 2001

>Although there might be some overlap, let's add it all up just in the
>unlikely event you finally realize how serious it is:
>
>-$4,400 billion = equities
-3365

>- 157 billion = bonds
-392

>- 131 billion = mutual funds
-135

>- 357 billion = pension fund reserves
-357

>-218 billion = bank personal trusts
-218

>-392 billion = US government securities
That's bonds.  You did them already.

You are missing 
+443 equity in noncorporate business
+825 bank deposits

But yes, household assets dropped $3 trillion during those years.
10%.  So what?  Look at the two years before that:

>-$4,400 billion = equities
-3365
+2895 (97-99)

>- 157 billion = bonds
-392
+67 (97-99)

>- 131 billion = mutual funds
-135
+1187 (97-99)

>- 357 billion = pension fund reserves
-357
+1757 (97-99)

>-218 billion = bank personal trusts
-218
+187 (97-99)

>-392 billion = US government securities
That's bonds.  You did them already.

You are missing 
+443 equity in noncorporate business
+612 (97-99)

+825 bank deposits
+497 (97-99)

In other words the loss from 99 to 01 was only half of the gain from
97 to 99.  Whoopie do.  That happens in a recession.


>+1,184 billion = increase in mortgage debt
>+242 billion = increase in credit card debt
>+ 15 billion = commerical mortgages

These have something to do with household assets in Table 1143.

>+262 billion = increase in nonfarm noncorporate business debt
>+134 billion = increase in state and local government debt
>+162 billion = increase in federal spending
>+280 billion = increase in state and local government spending

These have nothing to do with household assets in Table 1143.

>$7,934 billion = loss in equity between 1999 and 2001

Nope.  the loss of financial equity is at the top of the chart in
Table 1143: just under $3 trillion.

>And most of this is before the stock market crash which wiped out another
>$7.2 trillion.

Nope.
http://www.ny.frb.org/research/directors_charts/i-page20.pdf

shows that half of the decline in the Dow from it high point took
place before 9/11, and 90% of the decline in the NASDAQ took place
before 9/11.

Both the Dow and the NASDAQ are currently higher than they were right
after 9/11, so some of that equity loss has already been regained even
though the economy is still in the pits.

I'm not worried.

lojbab
-- 
lojbab                                             [EMAIL PROTECTED]
Bob LeChevalier, Founder, The Logical Language Group
(Opinions are my own; I do not speak for the organization.)
Artificial language Loglan/Lojban:                 http://www.lojban.org