I think GM is not a savings machine or but a debt nuke
i think there is a huge misunderstanding, like the gdp concept, to believe that companies save - it is all part of voodoo economics and financial metaphysics
companies do not save, they invest, fail or succeed, distribute if possible, to management mostly
and governments do not save
savings = investment, only by math equation, only true when applied across the galaxy, not individuals, companies, nations and other open systems
all disasters always, always, fall on the individual, and it is at this level the cushion is needed, else we are talking socialism/communism, and even in those systems, the weight of the fall is again on the individual
the japanese individual savings that is carrying the day is actual cash/near-cash, not home values, bridges, etc
and the japanese companies build export surplus because of investment, funded by customers, and by short changing management and shareholders |
