(Tokyo above the Ground)
(Tokyo on the Ground)
(Tokyo Underground)"To Heal the Brokenhearted"
(Keynesian Economics and Corporate Profits)
If you are good at economics and not good at, say, baseball, you had better challenge baseball trying to deliver 3,000 or 4,000 hits in 17 years or 22 years.
It is so, since if you succeed in what you are good at, you will be forever a loser in evaluation on how much you can succeed in what you are weak at.
I am telling this to you, since I am confident in that this is the measure the God should apply to you.
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According to Keynesian economics, national income is the sum of consumption and investment.
Or more correctly, a change in national income is the sum of a change in consumption and a change in investment.
Y = C + I
But, C (consumption) and I (investment) are not independent from each other.
If "I" increases and goods are produced, "C" will also increase. When somebody buys goods in a nation, it will increase income of a seller. Eventually, if investment is increased, it will not only directly push up national income but also indirectly cause earning growth.
It is called the theory of the spending multiplier.
However, there is a trick in this explanation.
You can try to sell goods easily. But, you cannot buy goods easily. To buy goods, you need savings.
Put simply, Keynesian economics is not sufficient in terms of taking savings into consideration.
In reality, people have some amount of savings. But, their debts can surpass their savings. In this financial situation, people, namely consumers, cannot buy goods, even if a huge amount of investment is made into the industry.
Accordingly, in an economic slump where people have smaller savings than debts or loans, even if a government increases spending on public works projects, it cannot easily increase consumption and income of people.
Yet, as the industry will produce more goods due to investment, a huge amount of unsold goods will be accumulated in market, leading to deflation.
(http://www.eonet.ne.jp/~hitokotonusi/keinnzunotimeitekikekkann.htm)
Now, it is said that a personal saving rate in the U.S. has been increasing since 2008, reaching 3%.
It is also said that a personal saving rate in Japan was 11.4% in 1997, but 2.2% in 2007.
It tells that Japan has been in deflation in this decade. But, the U.S. consumers have been allowed lucrative credit accommodation in these decades to the extent of causing the subprime-loan-based housing boom.
If the credit system is recovered for American consumers, its economy will be also restored, avoiding deflation. And then, Japanese exporters will enjoy another cycle of a boom.
However, the underlying issue of deflation in Japan remains, since Y = C + I + P where P is a dividend to consumers from businesses who have posted profits.
In other word, if businesses do not fully return their profits to consumers (not only to their shareholders, executives, and employees), the whole society might be led to deflation and dangerous deflation.
I repeat:
Y = C + I + P
Now, what makes the sudden and huge decrease in global trade of real goods must be checked. That is the American consumption.
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The actual index is expressed as a number derived by comparing the current cost of goods and services to the cost of the same items between 1982-1984. The reference year is given a value equal to 100. Subsequent indices are expressed as a percentage of the base year.
http://www.ded.mo.gov/researchandplanning/indicators/inflation/index.stm
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The above figure shows how exporters to the American market was damaged in the wake of the Wall Street shock in September 2008.
Of course, the issue is that no Nobel-Prize-winner class economists in the world could precisely predict this trend and transition indicated now so clearly in the figure of the American Consumer Price Index.
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When the summer Olympic Games was held in China in 2008, two great tragedies occurred in the world: the Great Sichuan Earthquake and the Wall Street Debacle.
Yet, Tokyo is highly expected to host the 2016 Olympics.
But, the greatest city in the world can of course concede the internationally honorable chance to Chicago or Rio de Janeiro, the two notable cities for legendary gangsters in the past and today.
Or which do you like to see Tokyo or the Olympics?
(If they are followers of God, they must have failed in business. So, a bad wife tells a foolish husband not to believe in God. Il doit être clair comme le cristal.
http://www.countrymidikaraoke.com/duocentury/Les%20Astronautes%20-%20Fol%20espoir.kar
Source:http://www.countrymidikaraoke.com/duocentury/)
Luk 4:17 And there was delivered unto him the book of the prophet Esaias. And when he had opened the book, he found the place where it was written,
Luk 4:18 The Spirit of the Lord is upon me, because he hath anointed me to preach the gospel to the poor; he hath sent me to heal the brokenhearted, to preach deliverance to the captives, and recovering of sight to the blind, to set at liberty them that are bruised,
Luk 4:19 To preach the acceptable year of the Lord.