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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Worswick who wrote (2924)	4/6/1998 11:48:00 AM
From: Worswick	Read Replies (1) \| Respond to of 9980

The Japanese postal savings of US$10 trillion equal a sum greater than 10% more than US GDP. An astounding figure. "A telling barometer of the euphoria discounted in stock prices... is the market capitalization of stocks in the Wilshire 5000-the broadest accounting of U.S. publicly traded stocks. The capitalization of stocks in the index is currently just over $10.0 trillion. This is more than 10% greater than GDP and almost double the value of the goods and services produced by all public and privately-held corporations". (C) The Dismal Scientist

To: Worswick who wrote (2924)	4/6/1998 5:00:00 PM
From: Sam	Read Replies (1) \| Respond to of 9980

Worswick, I will check out Lapham's book. I enjoy reading him a lot. As for your last comment: "Please do focus on the fact that the most savingest nation on earth now has $10 trillion US in moribund accounts. This money is going to begin traveling. The bag is packed. The last brochures have been passed out. The airline ticket is booked. The only question on a closed loop is where it will go? Any ideas." Maybe that is how everyone in the US gets to retire in the next 10 years. They buy our market, equity values shoot up, then we in our collective wisdom sell at the top, and they can lose their money first in their own market in the early 90s, then in the other Far East markets in the late 90s, and finally in US equities in the early-mid 00s. And we'll keep buying their cars, their consumer electronics, all their goods and smile and bow in our everlasting gratitude. What a country (both of us).