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One interesting idea would be to place a tax on holding money. High shoeleather costs admittedly but a way to regain monetary power.
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How would you do that? How would you prevent capital flight?Originally posted by Boddington's
One interesting idea would be to place a tax on holding money. High shoeleather costs admittedly but a way to regain monetary power.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Sony is having an identity crisis. Lots of new initiatives but no real cohesiveness.Originally posted by DanS
Sony's profits are pathetic. Might as well stick your money in your mattress.
Sony is the number one rated brand in the world by the way.We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution. - Abraham LincolnComment
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That's very right. I can't help it the your information source fails to mention Q-Q growth rates were much higher in the previous quarters.Originally posted by DanS
That doesn't seem right. Could you recheck your numbers?
820$ BILLION?!$820 billion loss in the quarter ending March this year.
(besides, I read somewhere MS's X-Box is making losses - couldn't find any figures though, have you seen any?)
So? That doesn't imply an economy is backward and there are a lot of service sectors that also know fierce international competition.Because the overseas competition in manufacturing is particularly fierce nowadays.
In the end it's all about added value and it doesn't really matter whether that's in services or manufacturing.
True, but still, there are others beside Toyota.Re Honda and Canon, yes they seem to make respectable profits. But there are so many companies that make hardly any profit at all.
DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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They could find new less competitive manufacturing industries to get into, but they would end up in the same place. Only growth in service industries will be a permanent solution.Originally posted by Colon
So? That doesn't imply an economy is backward and there are a lot of service sectors that also know fierce international competition.
In the end it's all about added value and it doesn't really matter whether that's in services or manufacturing.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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To me, saying Japan is backward because its share of manufacturing is much higher than that of the US, is like saying Mexico should grow the size of its public expenditures to that of the US as a share of GDP: it's an error in logic.Originally posted by Kidicious
They could find new less competitive manufacturing industries to get into, but they would end up in the same place. Only growth in service industries will be a permanent solution.
While it's true that the larger share of the service sector is a feature of US' economy, that doesn't imply it's richer because of that. (just as the larger size of public sector compared to Mexico doesn't imply Mexico is poorer because of that)
Don't misunderstand me here, I'm not saying Japan should stick to steel or cars, I just disagree with the logic. Japan should just seek whatever that brings the highest added value.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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Touche.Originally posted by Colon
820$ BILLION?!
When did I say that Japan's economy is backward? Only that manufacturing is experiencing deflation more than the service sector.So? That doesn't imply an economy is backward and there are a lot of service sectors that also know fierce international competition. In the end it's all about added value and it doesn't really matter whether that's in services or manufacturing.
OK, OK.True, but still, there are others beside Toyota.
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Error during translation.
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To me, saying Japan is backward because its share of manufacturing is much higher than that of the US
Again, who said this? Your pet strawman?
Tuo: $820 trillion? 
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Whoops, mixed up American English with English.
US$ 820 000 000 000 is still a huge chunk of money, even when considering that company such as Sony has gigantic revenues, as well.
It seems that I should study present economics a bit more...Comment
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Colon: Could you fix your link? I am interested in where you get this.
Tuo: Of course, it is 820 000 000.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Are you looking at things from a micro point of view? Sure it's better for the individual firm to pursue higher profit, but what about the economy as a whole. In order for the Japanese economy to be grow further it will have to develope a service sector comparable to that of the US. The whole is greater than the sum of the parts.Originally posted by Colon
To me, saying Japan is backward because its share of manufacturing is much higher than that of the US, is like saying Mexico should grow the size of its public expenditures to that of the US as a share of GDP: it's an error in logic.
While it's true that the larger share of the service sector is a feature of US' economy, that doesn't imply it's richer because of that. (just as the larger size of public sector compared to Mexico doesn't imply Mexico is poorer because of that)
Don't misunderstand me here, I'm not saying Japan should stick to steel or cars, I just disagree with the logic. Japan should just seek whatever that brings the highest added value.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Does this mean Japan is going to become a cheap shopping opportunity then?
Starchild: Actually, in some areas it already is. Japanese companies have a habit of charging different prices domestically and overseas. Small buyer's agent companies have sprung up for electronics, for instance. Remember to add VAT when you buy from Europe.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Hehe.Touche.
I checked Sony's results in the year ending March 2003. It doesn't seem all that bad IMHO, a net income of 963mn USD, and a cash flow from operating activities of 7.1bn USD.
It could be better, but it isn't horrible either considering the global economic downturn.
Oh ok, now I get your point. That's true, but that implies Japan's deflation is "positive", it's caused by a more competitive environment and technological change, thus only transitional. (such bouts of deflation occured frequently during the industrial revolution)When did I say that Japan's economy is backward? Only that manufacturing is experiencing deflation more than the service sector.
I noticed the link I had put in my previous post doesn't work so here's the link to the site of the statistical office: www.stat.go.jp/english/index.htm (go to "Economic and Financial Data for Japan", then "National Accounts (Gross Domestic Expenditure (GDE))" and then "The 1st Preliminary Estimates of National Expenditure Jan.-Mar. 2003" and finally "Development of Real GDP(Quarterly)" )
BTW, I haven't informed you anymore about my planned visit to New York: it's possible I'll be going there in June. (April proved to be premature)
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