Avgas in France has reached $7.50/gal !

"Matt Barrow" wrote in message
...

"Mike Rapoport" wrote in message
news

"Matt Barrow" wrote in message
...

"Mike Rapoport" wrote in message
link.net...

"Matt Barrow" wrote in message
...

"Mike Rapoport" wrote in message
news Given that only a small percentage of Chineese are participating in
their
"new" economy, it will be a long time before this happens.
Remember
that
Japan's economy stalled after they became (and remain) the richest
developed
nation on a per capita basis.


Even after their economy puked, what, 2/3rds of it's value?
--
Matt
---------------------
Matthew W. Barrow
Site-Fill Homes, LLC.
Montrose, CO


How are you arriving at that?

What was the NIKKEI at it's peak and bottom? It's now at 11,045 and
wasn't
it at around 40,000 at it's peak in 1990?


That is ridculous. Economies are not measured by stock market
valuations.

Oh, and what DO they measure?

The GDP of Japan is larger now than ever before.

Got some NET numbers?

How would you rate the US
economy on that metric?

I'd say it's pretty ****ty, regardless of what the Repubs say.

The Nasdaq is down 61% from its high five years
ago.

Yup and many are STILL paying the price. I know several engineers that are
making 1/4th what they were five years ago.

Seems the only thing that grown is government.

and how do you pay for government by taxes unless you borrow billions and
let the kids pay it off in taxes in the future.

And in some bizarre way we come right back to the point of this thread.
The $7.50 /gal avgas is due to taxes. The $3.50 /gal avgas is due to little
tax.

What do you think the level of tax will be in the future to pay for all the
borrowing going on today to pay for today's government.

I look at the difference as one of timing. Perhaps in 20 years the US will
be paying $30 / gal for AVGAS when the Europeans are paying $15/gal.

Either that or the US will nuke everyone it owes money to to try and cancel
its debt.