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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: shades who wrote (62578)6/2/2006 8:06:42 PM
From: GST  Read Replies (1) of 110194
 
Savings from INCOME in Japan have historically run in a range of 20 to 25% of income. In China the figure is in the range of 45% of income. In the US it is 0%. Japan used property as collateral for loans to buy more property, but that was not a dominant trend. The dominant trend was for large corporations to borrow against RE to finance capacity for export. Home equity loans had nothing to do with Japan having money to spend -- they were and are a nation of savers. The largest pool of savings is controlled by middle aged women.
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