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

"Christian Party" <[EMAIL PROTECTED]> wrote:
>"Bob LeChevalier" <[EMAIL PROTECTED]> wrote in message
>news:[EMAIL PROTECTED]
>> You haven't a clue how to do an economic projection, simple or
>> otherwise.
>
>If you disagree with the projection, why don't you calculate your own?

I don't play your kind of games, turkey.  I ate your kind (but
definitely better quality) on Thanksgiving.

>Give us your expert opinion. 

I don't claim to have an expert opinion on economic matters.  Unlike
you, I know my limitations.

>> >if you truly believe this BBC article is accurate.
>>
>> I'll ALWAYS believe the BBC over you.
>
>All you're doing here is admitting that you don't know how to read a simple
>table.  This is a table from the Bank of Japan, which ought to be a more
>trustworthy source than the BBC to you,

What a laugh.  This thread started when you insisted that a number on
one Japanese government web page was accurate when it contradicted
several Bank of Japan web pages, including those referenced by the
original page.  Now you want us to believe YOUR interpretation of a
Bank of Japan web page, when you haven't interpreted a single Japanese
page correctly yet.

>but only IF you can read the data.

You can't.

>He claimed that Japan is in dire financial straits when GDP is UP 1.6%,

He isn't the only one. Virtually every source in the world agrees with
him, and none that I know of agrees with you.

>We've NEVER had a personal savings rate that high, yet BBC thinks this is an
>economic catastrophe for Japan?  Why? 

Because they know that personal savings isn't that important in the
short term.

>Why doesn't BBC spend an equal amount
>of time predicting the economic demise of the US which has a HUGE problem--a
>NEGATIVE 1% personal savings rate?

Because we don't have a huge problem, we have an inferior accounting
problem. Most Americans consider their real estate to be a savings
investment, but it is not counted as such by the statisticians.

>> I trust their data more than I trust yours.
>
>What do you mean "yours". 

Any number that you post, which is usually a doctored or
misinterpreted or out-of-date number.

>This is data from the Bank of Japan.

No it is data from the nincompoop, who claims it is from the BoJ.  But
no one believes your nincompoop claims.

>I knew schools in Virginia had gotten bad, but this is *really* far worse
>than even TIMSS indicates.

What makes you think I attended a Virginia school, silly?

And we've already played the SAT score game.  What was your SAT score
again?

>> >In addition to that is the gross capital formation of $1,277
>> >billion in 2002, which was 50% greater than government spending, so how
>> >could it be that "Japan has a HUGE government deficit"?
>>
>> By having much more in expenditures than they had in non-borrowed
>> revenues.
>
>Again, you obviously can't read the table
>http://www.stat.go.jp/english/data/figures/pdf/2004f.pdf or you wouldn't
>keep making that false statement.  The net sum of all government
>expenditures was $91.7 trillion yen, or 17% of GDP.  But gross capital
>formation was 50% higher than that, or 25.3% of GDP.

Gross capital formation has nothing to do with government deficit
spending, which is determined by the excess of expenditures over
non-borrowed revenues.

>Maybe because you live in a deficit-spending country where government
>spending per household is 7% higher than earnings of men employees and 50%
>higher than earnings of women employees you can't even comprehend a
>government like Japan's which spends so little.

You can't comprehend ANYTHING, and you live in the same country that I
do.

>You don't need an economics degree to appreciate, over the course of half a
>century, the benefits to Japanese citizens of having 21 *times* as much
>personal savings per household as us, do you?

I see no reason to appreciate it, and no one with an economics degree
has expressed any appreciation either.

It takes nincompoop logic to appreciate any of your silly numbers.

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