The strongest economy in the world

**panama hat** · 05-06-2015, 06:13 AM

You need o make up your mind what you think is 'recent' history . . . 5 years? 50 years? 500 years?

Also, please decide what is a UK company. If it's owned by India or if it is owned by Germany.

Please look at the sources about future rankings . . . and just admit you're wrong about all of the above

**OhOh** · 05-06-2015, 08:53 AM

Originally Posted by Greenery

the UK was on course to overtake Germany within approx seven years, by 2014. It was capable of doing it then, and having recovered from having its trajectory set back by 15 years due to massive contraction from 2007-9, is capable of doing so again.

Other than your graph, do you have any links indicating actual, official government, figures, to back up your predictions? Other than the Daily Mail.

Can you tell me what the next Thai Lottery winning number will be?

**Greenery** · 05-06-2015, 11:51 AM

Originally Posted by OckerRocker

You need o make up your mind what you think is 'recent' history . . . 5 years? 50 years? 500 years?

Recent history is modern history, not ancient history. During that time the UK had an empire. Germany didn't. It tried to make an empire twice during the first half of the 20th century and failed miserably. However, a sick consequence of this was that it damaged the UK's economy and empire sufficiently to allow it to have a stronger economy than the UK for a few decades. This is rightly due to come to an end by 2030.

Get it?

Originally Posted by OckerRocker

Also, please decide what is a UK company. If it's owned by India or if it is owned by Germany.

Jaguar is based in the UK and contributes to the UK economy. Daimler is based in Germany and contributes to the Germany economy. The shares of both are mostly held by foreign investors. If Jaguar grows to be bigger than Mercedes, the UK economy benefits, regardless of the shareholding structure.

Get it?

Originally Posted by OckerRocker

Please look at the sources about future rankings . . . and just admit you're wrong about all of the above

Different economists make different predictions. Some say Germany will be bigger in 2050, some the UK. Nothing I said was wrong.

You said Germany will be six places above the UK in 2050 but have yet to provide any evidence. You were wrong.

**Greenery** · 05-06-2015, 01:13 PM

Originally Posted by OhOh

Originally Posted by Greenery

the UK was on course to overtake Germany within approx seven years, by 2014. It was capable of doing it then, and having recovered from having its trajectory set back by 15 years due to massive contraction from 2007-9, is capable of doing so again.

Other than your graph, do you have any links indicating actual, official government, figures, to back up your predictions? Other than the Daily Mail.

Firstly, take a look at the two charts on here. They are quite interesting, and firstly show the effects of Germany's war, and secondly the effects of Germany's larger population.

The UK, Germany and France: GDP over history | The Real Economy

Then there is this

Centre for Economics and Business Research | Cebr World Economic League Table

by 2028 the UK economy is forecast to be only 3% smaller than the German economy and is likely to overtake Germany to become the largest Western European economy around 2030.

**panama hat** · 05-06-2015, 05:50 PM

Originally Posted by Greenery

UK companies such as Jaguar

Let's start at he beginning again . . . please explain how:

Originally Posted by Greenery

UK companies such as Jaguar

this isn't absolute nonsense . . .

How about calling the Mini . . . British . . . or a UK company.

You clearly have no background in, nor knowledge of, economics or simple business

**Greenery** · 05-06-2015, 06:04 PM

And we are back to the personal insults.

UK company, UK-based company, it's semantics. If Jaguar does well, the UK benefits. Do you accept that fact?

Meanwhile, once your semantics smokescreen clears, there is the issue of Germany being six places above the UK in 2050. Link to anyone other than you who thinks this please

**Greenery** · 05-06-2015, 06:36 PM

You are also welcome to provide links showing that the UK attracting record levels of foreign investment in recent years, including in vehicle manufacturing (as is also the case in Thailand), is bad for its economy.

**panama hat** · 05-06-2015, 07:00 PM

Originally Posted by Greenery

UK company, UK-based company, it's semantics.

It's not semantics at all.

You claim:

Originally Posted by Greenery

UK companies such as Jaguar

Jaguar is NOT a UK company. No amount of 'semantics' can change that. Just admit you made a ridiculous statement and we can continue.

Originally Posted by Greenery

And we are back to the personal insults.

Originally Posted by OckerRocker

You clearly have no background in, nor knowledge of, economics or simple business

My response wasn't a personal insult, as opposed to an impersonal insult??? Irrespective of which . . .

It was a statement of fact

**Greenery** · 05-06-2015, 07:11 PM

Your "By 2050 the UK will drop out of the top 10, Germany will be 5th" ridiculous statement came before I made any mention of Jaguar. So perhaps you should address that issue before demanding that I correct any ridiculous statements, no?

After you have, we can deal with the far less relevant to the discussion topic semantics of whether "UK company" means UK owned or UK based.

**Exit Strategy** · 06-06-2015, 01:49 AM

Originally Posted by Exit Strategy

Originally Posted by Exit Strategy For example, UK's GDP per capita (Gross domestic product per person) after a very long time overtook US GDP per capita in 2008

Originally Posted by OhOh

Is that meant to be a good thing. One bankrupt country beating another bankrupt country?

These 2 countries are best performing western countries now, so you calling them bankrupt only further shows your ignorance.

Why they get finance at so low rate? Because the market trusts them and believes they will not go under. Some north European countries (Germany and Finland) used to get finance at even lower rate - negative rate, which means, when when you borrow to them they do not pay interest to you but you must pay interest to them just to keep your money safe. Sadly, sinking europe, your political dream, is bringing down competitive northern economies as well.

Originally Posted by OhOh

Many people have tried the alternative of peacful demonstration. Nowadays, in the UK for sometime, it is mostly aginst the law or is made "difficult". The Uk government is hoping to pass legislation to ensure not one person should be "offended" by terrorist action

To stop hate preachers teaching kids how to do suicide bombings, yes, bring them to justice before the bombings actually happen. I support Cameron fully on this.

Originally Posted by OhOh

Which of your crusader coalition countries has won in battle? Iraq, Libya, Iraq II, Iraq III, Syria, Afghanistan, Georgia, ..........

I think you are confused about which countries the international community is or was involved with. International coalition won the war in all countries they fought, but peace has failed in many places, locals were given opportunity but some did not take it. But still, if you take the worst example, Afganishtan, at least one generation of girls were saved and had opportunity to education and freedom, which is a huge thing and can change the country in the future.

Originally Posted by Exit Strategy

Originally Posted by Exit Strategy one British Astute class nuclear submarine could destroy half of europe

Originally Posted by OhOh

Quote:
But no other country has that ability, dream on.

Only US and UK. And Astute (which is newer) beat the best ever sub before, Virginia class US sub USS New Mexico in trials and simulated battles. US and UK are light years ahead of any other country here. Russians have old tech and are fading fast, Chinese are advanced and could in time challenge US and UK but they prefer commerce and need the money for infrastructure (that US and UK have already built). Euros are nothing.

**Exit Strategy** · 06-06-2015, 02:03 AM

Originally Posted by OckerRocker

Also, please decide what is a UK company. If it's owned by India or if it is owned by Germany.

Basically, what matters most to national economy is the jobs and the taxes from the employed and the companies. Jobs are good, whoever is the owner.

**Exit Strategy** · 06-06-2015, 02:05 AM

Originally Posted by OhOh

Other than your graph, do you have any links indicating actual, official government, figures, to back up your predictions? Other than the Daily Mail.

Is Daily Mail blocked in TH? Britain 'will become biggest economy in Europe' - Telegraph

A global forecast shows Britain will become the most successful economy in the West after the United States over the next fifteen years

**Greenery** · 06-06-2015, 02:59 AM

Originally Posted by Exit Strategy

Originally Posted by OckerRocker

Also, please decide what is a UK company. If it's owned by India or if it is owned by Germany.

Basically, what matters most to national economy is the jobs and the taxes from the employed and the companies. Jobs are good, whoever is the owner.

Jaguar's registered company address is in the UK, jags and landrovers are designed here, built here, staff are employed here, income and corporation taxes (£402 million CT last year) are paid here, and ROI dividends, if there are any, go to the Indian parent company.

Its cars are better than German cars too

**Exit Strategy** · 06-06-2015, 03:06 AM

Originally Posted by Greenery

Originally Posted by Exit Strategy

Originally Posted by OckerRocker

Also, please decide what is a UK company. If it's owned by India or if it is owned by Germany.

Basically, what matters most to national economy is the jobs and the taxes from the employed and the companies. Jobs are good, whoever is the owner.

Jaguar's registered company address is in the UK, jags and landrovers are designed here, built here, staff are employed here, income and corporation taxes (£402 million CT last year) are paid here, and ROI dividends, if there are any, go to the Indian parent company.

Its cars are better than German cars too

Agree

**Boon Mee** · 06-06-2015, 09:26 AM

Study: Only 33 U.S. Cities Have Recovered From Recession

Guess what? 1/3 of those cities are in Texas.

Americans might have jobs, but they probably aren’t getting raises.

In spite of the unemployment rate falling to its lowest level since 2008, wage growth is still lagging significantly behind job growth, according to a report by The Wall Street Journal.

The Wall Street Journal conducted an analysis of 400 metropolitan areas in the United States, looking for cities with an unemployment rate “roughly at or below its 2005-07 average” and “total nonfarm payrolls” above their rate in December 2007—the beginning of the recession.

The newspaper found just 33 metro areas that met the criteria:

Amarillo, Texas
Anchorage, Alaska
Austin-Round Rock, Texas
Battle Creek, Mich.
Bismarck, N.D.
Burlington-South Burlington, Vt.
College Station-Bryan, Texas
Columbus, Ohio
El Paso, Texas
Fairbanks, Alaska
Fargo, N.D.-Minn.
Grand Forks, N.D.-Minn.
Grand Rapids-Wyoming, Mich.
Greeley, Colo.
Greenville-Anderson-Mauldin, S.C.
Houston-The Woodlands-Sugar Land, Texas
Laredo, Texas
Lincoln, Neb.
Lubbock, Texas
Mankato-North Manktao, Minn.
Midland, Texas
Minneapolis-St. Paul-Bloomington, Minn.
Odessa, Texas
Oklahoma City, Okla.
Omaha-Council Bluffs, Neb.-Iowa
Rochester, Minn.
San Angelo, Texas
Sherman-Denison, Texas
Sioux Falls, S.D.
Spartanburg, S.C.
St. Cloud, Minn.
Sumter, S.C.
Topeka, Kan.

In 22 of those 33 cities, wage growth still “remains unusually low,” lingering below its prerecession rate. (See the full chart for details.)

Columbus, Houston, Minneapolis, Oklahoma City and Topeka are listed as cities that have restored their employment rate to “at or below its prerecession level,” but have failed to grow workers’ wages.

The Wall Street Journal called this lack of growth “a sign that something remains amiss even in the nation’s healthiest cities.”

There are 11 cities where both the employment rate and wages have recovered since the recession, including Midland, Texas, and Bismarck, N.D.

James Sherk, the senior policy analyst in labor economics at The Heritage Foundation, said The Wall Street Journal report has flaws.

“The Journal only looked at nominal wage growth—changes in wages that do not adjust for inflation,” Sherk said. “Economists would expect wage growth to slow when inflation slowed. That doesn’t necessarily mean the real wage growth, adjusting for inflation, has slowed.”

Sherk added that “wage growth has been generally slow during this recovery,” but in recent months “appears to have picked up.”

Salim Furth, the senior policy analyst in macroeconomics at The Heritage Foundation, wrote in a recent issue brief that “wage growth over the past two years has been typical of historical averages.”

“By examining several measures of aggregate wage growth, one gains a more complete picture of historical and recent trends. Although the historical data are well-known and recent data are widely available, many pundits have written about ‘stagnant wages.’”

He added: “That description of the recent trends has the risk of giving the false impression that the recovery, although delayed and incomplete elsewhere, is absent in wages. A better conclusion is that wage growth is mediocre but real; the same can be said of GDP and employment growth.

“Policymakers need not be satisfied with wage growth of less than 1 percent per year. Regulatory reforms that lower the cost of living, especially in the major consumer spending categories, can help to stretch each hour’s wage further, effectively raising real wages,” concluded Furth.

Study: Only 33 U.S. Cities Have Recovered From Recession

Texas. That's the place to be if you wasnt a good paying job!

**Black Heart** · 06-06-2015, 12:50 PM

Charts from the US Fed provided in the link.

An Important Economic Indicator – Money Velocity – Crashes Far Worse than During the Great Depression

Posted on June 5, 2015 by WashingtonsBlog

An Important Economic Indicator - Money Velocity - Crashes Far Worse than During the Great Depression Washington's Blog

**Exit Strategy** · 06-06-2015, 05:41 PM

Originally Posted by Boon Mee

Guess what? 1/3 of those cities are in Texas.

Texas has minimum fed forced wage 7.25 which gets people employed in first Place and then they get better wages when they prove they are good people.

Anything to do with this?

**Exit Strategy** · 06-06-2015, 05:43 PM

Different time, not comparable.

Now there is larger market and million startups and most fail

Originally Posted by Black Heart

Charts from the US Fed provided in the link.

An Important Economic Indicator – Money Velocity – Crashes Far Worse than During the Great Depression

Posted on June 5, 2015 by WashingtonsBlog

An Important Economic Indicator - Money Velocity - Crashes Far Worse than During the Great Depression Washington's Blog

**Boon Mee** · 06-06-2015, 05:46 PM

Originally Posted by Exit Strategy

Originally Posted by Boon Mee

Guess what? 1/3 of those cities are in Texas.

Texas has minimum fed forced wage 7.25 which gets people employed in first Place and then they get better wages when they prove they are good people.

Anything to do with this?

Attitude, plain and simple.

Texas is heavily anti-union and a state where start-ups (Austin - IT) can get a chance w/out heavy taxes and union infringement.

**Exit Strategy** · 06-06-2015, 06:50 PM

Originally Posted by Boon Mee

Originally Posted by Exit Strategy

Originally Posted by Boon Mee

Guess what? 1/3 of those cities are in Texas.

Texas has minimum fed forced wage 7.25 which gets people employed in first Place and then they get better wages when they prove they are good people.

Anything to do with this?

Attitude, plain and simple.

Texas is heavily anti-union and a state where start-ups (Austin - IT) can get a chance w/out heavy taxes and union infringement.

I like that.

**panama hat** · 06-06-2015, 06:52 PM

Originally Posted by Exit Strategy

Texas has minimum fed forced wage 7.25 which gets people employed in first Place and then they get better wages when they prove they are good people.

Also if they have good passport. Yes? Before Iron Curtain your passport not good. Now good. No?

**Exit Strategy** · 06-06-2015, 06:56 PM

Originally Posted by OckerRocker

Originally Posted by Exit Strategy

Texas has minimum fed forced wage 7.25 which gets people employed in first Place and then they get better wages when they prove they are good people.

Also if they have good passport. Yes? Before Iron Curtain your passport not good. Now good. No?

This is about growing market value, not about passports. Yes? No? Really, I don't get your angle, perhaps you posted to wrong thread? Or do please explain what you mean. If you are referring to Mexico border problem with illegal immigrants, it has nothing to do with Iron Curtain, which, By the way, collapsed, should we say, in 1989.

Euros....

**Boon Mee** · 06-06-2015, 06:58 PM

Originally Posted by OckerRocker

Originally Posted by Exit Strategy

Texas has minimum fed forced wage 7.25 which gets people employed in first Place and then they get better wages when they prove they are good people.

Also if they have good passport. Yes? Before Iron Curtain your passport not good. Now good. No?

Don't change the subject. We're talking about opportunity and the great state of Texas. If an illegal can prove him/her self there, that's the litmus test. First of all, you have to demonstrate a willing to work - get the job done which is something these hippie scum living on the dole definitely avoid.

**Exit Strategy** · 06-06-2015, 07:13 PM

Originally Posted by Boon Mee

First of all, you have to demonstrate a willing to work - get the job done which is something these hippie scum living on the dole definitely avoid

This is something I would have said

**panama hat** · 06-06-2015, 07:26 PM

Originally Posted by Exit Strategy

This is about growing market value, not about passports.

So why you speak passports, good passport. Yes?

Originally Posted by Exit Strategy

Euros....

You want earn in Euros, yes? You have good passport now.

Originally Posted by Boon Mee

If an illegal can prove him/her self there, that's the litmus test

You know that's not true, BM. The Texas courts are more than happy to deal with ilegalls

Originally Posted by Exit Strategy

This is something I would have said

But you didn't . . .

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