Japan of one after another the United States economy

"Roubini: economic leverage, policy means the FRB is becoming month bottom
http://www.bloomberg.co.jp/apps/news?pid=jp09_newsarchive&sid=aD6GOKz9SPAM
Nurieru - Roubini is the 27th of New York University, the US Federal Reserve Board (FRB) has expressed the view that there is losing an effective means towards economic leverage.
The professor in an interview with Bloomberg Radio, "it is not possible to avoid the slow economic growth for many years. Policy means is becoming exhausted the bottom," said remark.
Roubini further, the Bank of excess reserves is cut from the $ 1 trillion bulges (about 85 trillion yen), interest rate 25 basis points of the FRB is to excess reserve deposits (bp, 1bp = 0.01%) to zero also stated that does not lead to bank loans, it was pointed out that "in other words it means that the effect of monetary policy has been lost." "

Deposit excess of 1 trillion dollars .... Still ......
Deposit excess of Japan, the last days have exceeded the 160 trillion yen (within, operation of 140 trillion yen less than Japanese government bonds)

[Domestic bank loans, real deposit, deposit excess transition: (billions of yen) 1989 - June 2010]
http://members3.jcom.home.ne.jp/takaaki.mitsuhashi/data_30.html#Kajo

To begin with, the current America despite virtually zero interest rate policy, it is why has continued reducing the private debt. (Behind the scenes, total liabilities of the government have gone earnestly increase) after the collapse of the bubble economy in Japan, until austerity the start of the Hashimoto regime, because it is there is a barely had an increasing number of loans to the private sector, the United States of the current state is there necessarily have led to a situation of much "and Japan up to '96, during the later '97 Japan".

Of Roubini,
"It is not possible to avoid the slow economic growth for many years. Policy means is becoming exhausted the bottom"
Remarks, Well, but I'm a sound argument, after all US government repeatedly Treat economic measures, followed by doodling and the balance sheet recession, total liabilities of the government is going more and more (but, long-term interest rates rise that I think that it will become a no) situation. It is exactly Japan of the American economy.

By the way, speaking from Bank of America and if they happened to interest rates to the general depositors is reduced to an average interest rate is 0.99 percent in July, it would be interrupted 1% for the first time in 10 years. Well, I compared this even in Japan, but there is always high, (such as savings) savings deposits already because even some where it has declined in interest rates of 0.01%, just not go in progress "Japan of" is that and would not be an exaggeration to say.

When interest rates decline, with fees for such withdrawal from the ATM, be deposit in a bank will become the "backwardation". Though I wonder the Japanese are accustomed, different Americans. In addition, if the balance in the case of the United States falls below a certain level, we in many cases are charged a fee from the bank.
Result, speaking of what is happening, it seems to increase in the "chest deposit".

◆ in the private sector of the balance sheet of non-government, and a decrease in total liabilities.
◆ expansion of deposit excess amount in the bank.
◆ extreme lowering of interest rates.

Bernanke FRB chairman, admitted that the economic recovery has stalled, it has announced that it is transferred to perform additional monetary easing measures if necessary. However, Roubini's remarks as expected, in recent years the United States has been lost, the effect of monetary policy. A decrease in interest rates, increasing the liquidity, is why not increased lending from banks. Is of the buy, nothing but, there mean that only government bonds.

In addition, while Republican opposition, of course we bombarded "country of debt (government debt) increased" by the fiscal stimulus of the Obama administration in the mid-term elections, will pull the legs of government.

Japan is as it is really Hashimoto regime later. It is similar to much scary. Indeed to the United States, to distribute materials for the copy-and-paste "the country's debt" at the press club, but I think that there is no such presence as the Ministry of Finance.