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

Christian Party wrote:

> "Darren" <[EMAIL PROTECTED]> wrote in message
> news:[EMAIL PROTECTED]
> >
> >
> > Christian Party wrote:
> >
> > >
> > >
> > > Correct, and the after-inflation growth rate from the 2000 figure was
> 1.5%,
> > > disputing the claim that there's an "Asian Economic Crisis", or that
> Japan's
> > > economy is falling apart.
> > >
> > > We haven't had an AFTER-INFLATION growth rate this high since 1973.
> >
> > False, and you have already been corrected on this point.
> >
> > Darren
> >
>
> Darren, 40 years ago, in 1963, a mere 70 million American civilian employees
> produced a GDP of $572 billion, or $8,171 per employee,....

None of this has anything to do with what I wrote.

You said "We haven't had an AFTER-INFLATION growth rate this high since 1973.".
You were wrong.

Now that we've gotten that out of the way.....

> five times that of
> Japan,

A country that had had the shit bombed out of it less than 20 years previously.

> 3 years of which was more than enough to buy a typical 5 bedroom
> house in California,

5 bedroom houses are "typical"?  Sounds like a damn big house to me.

> with mortgage debt per employee being less than half of
> that.  He had a credit card debt of 93 cents, public debt of $4.41, a
> positive balance of payments in world trade of $90.93, the equivalent of
> $25,715 in personal savings, produced 65% of the world's autos, there were
> twice as many manufacturing employees as government employees, and 21 out of
> 25 of the world's largest industrial corporations were HERE, in his country.
>
> Now, in 2003, 144 million American civilian employees produce a GDP of $10
> trillion, or $69,444 per employee,

That's an improvement, right?

> 20% less than Japan,

Good for the Japanese.  Why do you feel threatened by the success of others?
This convergence is a predictable result from elementary growth theory,
declining marginal products of capital, etc.  You really need to get into an
elementary economics classroom.

> more than 9 years of
> which is required to buy that SAME house [not a new one of the equivalent
> size], and mortgage debt per employee mushroomed so much that it may soon
> exceed that figure.

How long does a Japanese worker have to work to buy a FIVE BEDROOM house in
Japan?

> He now
> has a credit card debt of $13,888, public debt of $48,611,

US public debt as a % of GDP is quite reasonable by developed country
standards.  Japanese debt/GDP is over 100%.

> a NEGATIVE
> balance of payments in world trade of $3,125, NEGATIVE personal savings of
> $6,944, he produces less than 18% of the world's autos,

So the rest of the world makes more autos than they did 20 years after they'd
been bombed to shit in WW2.  Your point?

> there are 30% more
> government employees than manufacturing employees,

So?

> and only 4 of the world's
> largest industrial corporations are HERE, in the US.

So?

> If you see a pony in all that bs, you're a creative financial genius who's
> wasting his valuable time as a mere comedian.

I certainly don't see the problem.  The rest of the world has grown a bit....
exactly what elementary macro theory predicts will happens.

What is your point... or do you have one?



Darren