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GDP, M&A, EBITDA, P/E, NASDAQ, Econo-thread Part 13
As Super Sten says, keep the money movin', boys! 
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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, 1891 -
It is all about the Benjamins, indeed.
It does occasionally strike me as funny that two themes that recur in discussions about the US economy are 1) that we are going to do a Japan and implode for ten years and 2) that we could fix our ills by saving more like the Japanese have done for the past 10 years.
(edit: see below for clarification - #2 should read ...fix our ills by saving a lot, similar to the way the Japanese do. Or something like that...)
Viva lost wages.
DanS you might want to link the old thread in your post... as you already did... nevermind!Last edited by Sten Sture; January 16, 2003, 18:37.Be the bid! -
Originally posted by Sten Sture
...that we could fix our ills by saving more like the Japanese have done for the past 10 years.
Please, please, please check the data before posting such nonsense!
Japan's household savings rate:
1985: 18.5%
1990: 13.4%
1995: 11.9%
2000: 10.3%
Japan's Gross National Savings rate:
1985: 32.0%
1990: 33.5%
1995: 29.6%
2000: 27.7%
Source: OECDLast edited by el freako; January 15, 2003, 23:22.19th Century Liberal, 21st Century EuropeanComment
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Hey people, standard procedure for starting a new econ-thread is that you link to the old one from the new one, AND vice versa.
Anyway, my last post in the previous edition (regarding death penalty vs life sentence):
Well let's say how much either of them cost on average across all states. Are there any stats about that?
I recall a figure of $2 million for a death penalty procedure and an annual cost of $60.000 for a normal prisoner. Would that be a fairly correct figure?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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Could you spell out your point? What are you comparing the figures to? Are both Japan? What level is high or low and why?Originally posted by el freako
Please, please, please check the data before posting such nonsense!
Japan's household savings rate:
1985: 18.5%
1990: 13.4%
1995: 11.9%
2000: 10.3%
Gross National Savings rate:
1985: 32.0%
1990: 33.5%
1995: 29.6%
2000: 27.7%
Source: OECDComment
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Gosh I don't know we had such extensive procedures...Originally posted by Colon
Hey people, standard procedure for starting a new econ-thread is that you link to the old one from the new one, AND vice versa.
We've already said we only had a general impression of the claim that the DP is more expensive than life in prison. How can we validate specific numbers!?I recall a figure of $2 million for a death penalty procedure and an annual cost of $60.000 for a normal prisoner. Would that be a fairly correct figure?
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Can't validate the specific numbers. Only to say that I have heard the $2 million figure and haven't heard the $60,000 figure. More like $35,000.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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Hey people, standard procedure for starting a new econ-thread is that you link to the old one from the new one, AND vice versa.
Just be like the Suomi thread and start new threads for no reason and with no links.
I recall a figure of $2 million for a death penalty procedure and an annual cost of $60.000 for a normal prisoner. Would that be a fairly correct figure?
Probably, but there also considerations such as the prisions are already super crowded. The costs of building new prisions would probably help offset the costs of the (seemingly) infinite appeals for Death Row inmates.“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV)Comment
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Originally posted by GP
Could you spell out your point? What are you comparing the figures to? Are both Japan? What level is high or low and why?
Good grief GP, to spell it out....
My point is that Sten's assertion that Japan has increased it's savings during it's slump is not only erroneous but actually the opposite of what has happened.
Therefore his implication that if the US increased it's saving it would also suffer Japan's fate is also wrong.
Both figures were for Japan (above post edited to show this), and if you can't see that 18% and 32% are higher than 10% and 28% then there is something wrong.
19th Century Liberal, 21st Century EuropeanComment
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Well I think what they were referring to is that, even though the Japanese savings rate might have decreased, the American savings rate in comparison has always been far below those rates.
Spend, spend, spend!!!
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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Yes of course we have, don't you think it's fun?Originally posted by GP
Gosh I don't know we had such extensive procedures...
But please stop bugging EF with asking for a point. I wouldn't wish anything else than freakster man dropping masses of stats for no particular reason. Interpret them of your own.
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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Hi Schokoladenkopf.
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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It's good to make that point specific, because I DON'T think that was what Sten said. Your quote of Sten, "...that we could fix our ills by saving more like the Japanese have done for the past 10 years."Originally posted by el freako
Good grief GP, to spell it out....
My point is that Sten's assertion that Japan has increased it's savings during it's slump is not only erroneous but actually the opposite of what has happened.
Therefore his implication that if the US increased it's saving it would also suffer Japan's fate is also wrong.
Both figures were for Japan (above post edited to show this), and if you can't see that 18% and 32% are higher than 10% and 28% then there is something wrong.
That doesn't say to me that Japan accelerated its savings during the slump. It says that people are criticiszing the US for a GENERAL low rate of savings and suggested we save more which has TRADITONALLY been a characteristic of Japan. Certainly it is the stereotype of Japan. (Not just during the slump...but always!)Comment
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yeah...it's pretty cool.Originally posted by Colon
Yes of course we have, don't you think it's fun?
I have a real anathema to numbers dropped without interpretation and without the specific point made. How do you even now whether his point is the trend over time or the overall level or the comparison of household to national? This bugs me (a) just as a normal straight-thinking human and (b) as someone who has made a few charts and presented a few business analyses, been trained for it, been evaluated on it, etc.But please stop bugging EF with asking for a point. I wouldn't wish anything else than freakster man dropping masses of stats for no particular reason. Interpret them of your own.
But if ef really thinks that I'm the only thickskull who doesn't understand his point or if he just doesn't care about communicating in general, I will shut up and stop badgering him and let him do it his way.Comment
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See I'm not the only thickskull who thought Sten's remark was related to typical Japan/US savings differences. That was where I thought the irony of Sten's remark came from. Not from the recent changes in Japan behavior, but from the danger of us becoming like Japan and thand being urged to emulate a traditional Japanese behavior.Originally posted by Ted Striker
Well I think what they were referring to is that, even though the Japanese savings rate might have decreased, the American savings rate in comparison has always been far below those rates.
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