>> 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 ?
No. Capital gains are never included. In 2004, the IRS collected $151 billion in capital gains tax receipts. That money is subtracted from the savings figure. Capital gains rates vary from 35% (short term gains of high income individuals) down to 10% (long term gains of low income individuals). The most common rate is probably the 15% rate for long term gains.
The $151 billion in taxes was probably the result of around $1 trillion in capital gains. That $1 trillion was not included in the savings figure. The savings figure also ignores unrealized capital gains.
Do you think our capital gains might turn our savings rate into a positive figure?
'cause you guys have a quite imbalanced household guess it's for "guns and butter"
You mean federal budget not household?
I can tell because ours is only slightly worse and we have 5 socialist countries to feed.
Really? Yours is worse? What % of GDP?
As far as feeding socialist countries, we've been feeding yours for 60 years.
Ahh not bad either 2.5%
Wow, back into the single digits. It's been a while.
And you do know, that having some unemployed is good for business ?
So your huge unemployment must be great for business. LOL!
Come on - be honest - are you invested in the Dow or Nasdaq today ?
Of course. For decades.
has become one of the slowest growing economies in the euro zone. A quick turnaround is not in the offing in the foreseeable future; however, stronger growth this year has improved employment considerably. Growth in 2001-03 fell short of 1%, rising to 1.7% in 2004, falling back to 0.9% in 2005, and increasing to 2.2% in 2006.
That's some nice growth you've had this decade. LOL!