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To: pater tenebrarum who wrote (58786)	1/17/2001 8:18:20 PM
From: Moominoid	Read Replies (1) \| Respond to of 436258

not so. you are looking at output that is a already adjusted for (official)inflation via the GDP deflator, not nominal output. No I was starting with nominal GDP which isn't deflated and has been in the 6-8% range in the last year or two. corporate savings? dream on. corporate debt to equity is at a post war high, in fact corporate debt has been on an equally explosive path as household debt. Again as with inflation the numbers have to add up. So do you think actual investment in the US economy is less than the current account deficit as a percentage of GDP? If so it is close to zero. Again that is clearly wrong. David