US savings rate doesn't include capital gains, but subtracts out capital gains taxes paid. It's not a perfect statistic.
US household is a wreck.
How so?
Your economy runs on foreign loans (2500 bn $).
So what? Our GDP grew about 3.1% last year, how'd yours do?
Large parts of your economy were financed on subprime mortgages that are now imploding, taking the mortgage market for higher ranked loans with it.
And still we grew about 3.1% last year. When was the last time your sad excuse for an economy grew at that rate? What's your unemployment rate? What's your government deficit?
>> US savings rate doesn't include capital gains, but subtracts out capital gains taxes paid. It's not a perfect statistic.<<
No statistic is - but you got to have them, haven't you ?
So what does that mean 'gains not inlcuded' ? Are captial gains of one year counted in in the following year ?
>>US household is a wreck. <<
>> How so? <<
'cause you guys have a quite imbalanced household guess it's for "guns and butter" - I can tell because ours is only slightly worse and we have 5 socialist countries to feed.
>> So what? Our GDP grew about 3.1% last year, how'd yours do? <<
Ahh not bad either 2.5% - but we grew in Euro. ;-)
And you do know, that having some unemployed is good for business ?
>> Large parts of your economy were financed on subprime mortgages that are now imploding, taking the mortgage market for higher ranked loans with it.
And still we grew about 3.1% last year. <<
The subprimes imploded THIS year -recently - ok they are bouncing back a bit - but you may want to have an eye on them (google for abx bbb-)
trouble is that even the good rated loans are affected.
Come on - be honest - are you invested in the Dow or Nasdaq today ?