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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Cogito Ergo Sum who wrote (41288)	11/12/2003 2:38:39 AM
From: Mark Adams	Read Replies (3) of 74559

Well, I did a bit of hunting, and the results surprised me. (3) National wealth (net assets) at the end of 1998 was approximately 3.102 trillion yen, a downward revision of about 104 trillion yen (3.2%). That was due to the effects of such factors as subtraction of the decline in social capital from assets. stat.go.jp Must be an error in 104 trillion of yen delta, should be 104 billion? A second, more current source: 2,973,710 billions of yen (2000) stat.go.jp The number must be much lower than the 10-11 trillion dollar equiv postal savings due to the offsetting high govt liabilities. I haven't a clue yet as to what 'social capital' is unless that is a polite way of saying Govt debt/assets. Canadian Dollars National net worth reached $3.8 trillion or $120,900 per capita by the end of the first quarter of 2003. Per capita worth was up 0.6% from the fourth quarter of 2002 and 5.1% from the first quarter of 2002. statcan.ca Aussie Dollars $127,330 (2001 Net worth per capita) abs.gov.au@.nsf/0/365efd1e06587aabca256bdc00122403?OpenDocument abs.gov.au@.nsf/0/87bdcc8d7ca25079ca256bdc00122414?OpenDocument UK 4511 billion pounds 2001 (not per capita, pop of UK?) Table B bankofengland.co.uk Odd- where are the US stats? Keywords: National Accouts Closing Balance Sheet Account Internationanl Investment Position Networth Net Wealth I was thinking this might be a bit silly, as how does one account for assets with little or no value? When Kentucky was settled, that black crude bubbling up out of the ground had little or no value. But I see from a casual glance at the Aussie stuff, that maybe an attempt is made to put values on natural resources. Then there is a reference in a Japan based site that mentions IMF standards for this type of stuff, which makes a probable good next step- ideally some assurance might arise that we are comparing apples to apples.

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