Thread: The strongest economy in the world

As long as it agrees with your system Boon, enjoy.

Originally Posted by rickschoppers

As long as it agrees with your system Boon, enjoy.

It agrees too well.

I've got to switch to say plain 'ol kway teeow hang for a while.

The question is, is this temporary or a longer trend. The US has still not recovered from the Great Recession, despite what a few politicians and the MSM are saying.

U.S. economic growth slows to 0.2 percent, grinding nearly to a halt

U.S. economic growth slows to 0.2 percent, grinding nearly to a halt - The Washington Post

Everywhere you turn, you get news like this.

1 in 4 US renters must use half their pay for housing costs
Read more at 1 in 4 US renters must use half their pay for housing costs :: WRAL.com

Why I don't follow this thread anymore is that everyone and their cat and dog who have Metatrader know USA and UK (of Western economies) are the greatest economies now. If you want me to elaborate, Europe is past hope, Germany did good structural improvements way back (By Social dems By all people!) but that was way back but now totally incompetitive labour market rapes the country and no one is willing to take pay cut even if they make superior product in China for 10% cost. Mosty same goes for Finland, only another survivor in Europe, Sweden survives with their own currency and control of their monetary policy and Norway has innovative industries- and OIL. Oh I did not mention there is europe south there, it is all fucked France (whose labour minister said on public broadcast "we are fucked") and Belgium included. Rescue packages for France and Italy will end European Union, they don't have that money, Even Germany does not have that money and Northern Europe rather leaves. So Please consider who is fucked first.

While Europe sinks, it is business as usual in US, UK, Singapore, Bangkok, Kuala Lumpur, Melbourne, Auckland and Tokyo. Europe's market share has diminished since early 80's. We don't care.

Originally Posted by Exit Strategy

While Europe sinks, it is business as usual in US, UK, Singapore, Bangkok, Kuala Lumpur, Melbourne, Auckland and Tokyo. Europe's market share has diminished since early 80's. We don't care.

Oh but we do care; "A rising tide raises all boats".

How ironic for me to be quoting Reagon. The Marshall Plan was started because after WW2, Europe was decimated and the US needed someone to trade with for the sake of its own economy. I'm generalizing, but it is the kind of cash flow by public investment among nations that paid off for the working man at home too, considering the rise in the middl class and overall wealth. Since Reagan convinced the public abut the trickle down BS, that share of the national wealth has been diverted from the home economies to the corporate/financial 1%ers, who are using it like a stick, and will until they have no one to sell to. Then they will care about other economies, as we should care about Europe's.

Originally Posted by Exit Strategy

USA and UK (of Western economies) are the greatest economies now

Originally Posted by Exit Strategy

Sweden survives with their own currency and control of their monetary policy and Norway has innovative industries- and OIL

The ability to issue free currency and oil stand out as the main similarities to your three "soccessful" countries. Sweden's decision to actually invest their oil bonanza may be a difference between the three.

Are you implying the ability to print money at zero cost is the road to success? Your three super stars have this ability and once printed the cost is born by the taxpayer.

World debt comparison: The global debt clock | The Economist

Originally Posted by MrG

The Marshall Plan was started because after WW2

Do you see any similarities/differences to the Chinese "Silk Road Project"?

Originally Posted by MrG

Originally Posted by Exit Strategy

While Europe sinks, it is business as usual in US, UK, Singapore, Bangkok, Kuala Lumpur, Melbourne, Auckland and Tokyo. Europe's market share has diminished since early 80's. We don't care.

Oh but we do care; "A rising tide raises all boats".

How ironic for me to be quoting Reagon

That quote was said before, by JFK.

May 13th Atlanta Fed GDP now released.

^ GDP "growth" of less than 1%.

Wasn't it a couple months ago the mainstream media and Obama were saying the US was in a rebound? Obama specifically stated in a speech that "the US economy has heeled."

What a lot of BS.

Also, last year it was a fact that: 40% of US GDP growth was from Federal, State, and Local spending.

I assume it's the same now or nearly the same.

40% is a very telling figure.

Originally Posted by Exit Strategy

USA and UK (of Western economies) are the greatest economies now

It would be interesting to see how the UK industry is greater than the German economy - aby any economic parametres . . . does this take into account the service sector v. manufacturing, purchasing managers' indexes, export income v import etc....?

Or the UK's debt?

India and China have signed a record 24 bilateral agreements worth $10 billion during Indian Prime Minister Narendra Modi’s first visit to China. Both sides are dedicated to establish a “new direction between the two largest Asian countries.”


Education, establishment of consulates, space exploration, mineral resources, railway systems and TV were among 24 intergovernmental agreements signed by India and China in Beijing.



The news was announced after Modi held negotiations with Chinese Premier Li Keqiang on Friday. The meeting took place in Beijing on the second day of the PM’s three-day visit to China.



"Today, we have signed over 20 agreements, covering diverse areas of cooperation. This shows the depth and maturity of our relationship and the positive direction of our partnership," said Narendra Modi in a joint press conference after the signing of the deals.

You have a valid point - but after WW2 europe was something, soon it it will be 15% of world market, and really is not needed for international commerce. 15% is still a lot of money, but will not raise any boats too much. 10% even less.

Originally Posted by MrG

Originally Posted by Exit Strategy

While Europe sinks, it is business as usual in US, UK, Singapore, Bangkok, Kuala Lumpur, Melbourne, Auckland and Tokyo. Europe's market share has diminished since early 80's. We don't care.

Oh but we do care; "A rising tide raises all boats".

How ironic for me to be quoting Reagon. The Marshall Plan was started because after WW2, Europe was decimated and the US needed someone to trade with for the sake of its own economy. I'm generalizing, but it is the kind of cash flow by public investment among nations that paid off for the working man at home too, considering the rise in the middl class and overall wealth. Since Reagan convinced the public abut the trickle down BS, that share of the national wealth has been diverted from the home economies to the corporate/financial 1%ers, who are using it like a stick, and will until they have no one to sell to. Then they will care about other economies, as we should care about Europe's.

Originally Posted by Boon Mee

It's come to this, man...
U.S. Senator Cory Booker (D-NJ) tweets that it’s “not right” that someone must work 50 hours per week to escape poverty.
How far we have come, since Booker T. Washington said, “Nothing ever comes to me, that is worth having, except as a result of hard work.”

Well, go Europe, and they say it's "not right" that someone must work to escape poverty...

Originally Posted by OckerRocker

It would be interesting to see how the UK industry is greater than the German economy - aby any economic parametres . . . does this take into account the service sector v. manufacturing, purchasing managers' indexes, export income v import etc....?

It simply does not matter if it is services or manufacturing, it is just about what makes profit and generates taxes enough to operate basic services of a country (and I think you have failed to see the shift to service industries and IP from coal pits and manufacturing) And what does PMI have to do with actual economic performance?

For someone who isn't interested in Europe or discussing Europe - even in a US thread - you certainly spend an inordinate amount of time being consumed by it . . . this page alone:

Originally Posted by Exit Strategy

Europe

Originally Posted by Exit Strategy

Europe

Originally Posted by Exit Strategy

Europe

Originally Posted by Exit Strategy

europe

Originally Posted by Exit Strategy

European

Originally Posted by Exit Strategy

Europe

Originally Posted by Exit Strategy

Europe's

Originally Posted by Exit Strategy

europe

Originally Posted by Exit Strategy

Europe

Originally Posted by OckerRocker

Originally Posted by Exit Strategy

USA and UK (of Western economies) are the greatest economies now

It would be interesting to see how the UK industry is greater than the German economy - any any economic parametres . . . does this take into account the service sector v. manufacturing, purchasing managers' indexes, export income v import etc....?

Originally Posted by Exit Strategy

It simply does not matter if it is services or manufacturing, it is just about what makes profit and generates taxes enough to operate basic services of a country (and I think you have failed to see the shift to service industries and IP from coal pits and manufacturing) And what does PMI have to do with actual economic performance?

You're not answering the question. How is the UK economy greater than Germany's, Japan's etc...? The service sector? Show me some numbers about each country's service sector. I'll give you a hint: UK 78% and Germany 70% . . . Industry UK 20% Germany 29.2%

Lots of facts and figures to dispute your words with . . . How about overtaking France as the second largest economy in Europe before tackling Germany

Originally Posted by Exit Strategy

Why I don't follow this thread anymore

Oh, but you do . . . obviously

Folks should note that the US economic indicators are not good, except for a couple ouf of dozens of bad statistics.

The recovery wasn't much to begin with. Now it's getting worse.

1. Factories barely grew last month, according to a widely-watched monthly survey released today. It was the worst month in two years for U.S. manufacturers, the survey found.

2. Broader economic growth is anemic. GDP rose at an annual rate of less than 1 percent during the first half of this year, according to a report released on Friday. That's much lower than earlier estimates suggested. The report also found that the economy took an even bigger hit during the recession than economists thought.

3. Job growth has slowed dramatically. Earlier this year, the U.S. economy was adding well over 100,000 jobs a month. But over the past few months, that has slowed dramatically — only 18,000 jobs were added in June. The July jobs numbers come out on Friday; early estimates suggest that the economy added 75,000 jobs during the month, which is not enough to keep up with population growth, much less bring down unemployment.

3 Very Bad Economic Indicators : Planet Money : NPR

Originally Posted by OckerRocker

You're not answering the question

Listen mate, I'm in happy mood and full of love and even read your copy and paste with compassion. I try to make this as simple and short as possible: This (thread, as far as I understand, please educate me if I am wrong) is about which economies are competitive. You mentioning France must really be a joke. Have a good evening.

Originally Posted by Exit Strategy

Originally Posted by Boon Mee

It's come to this, man...
U.S. Senator Cory Booker (D-NJ) tweets that it’s “not right” that someone must work 50 hours per week to escape poverty.
How far we have come, since Booker T. Washington said, “Nothing ever comes to me, that is worth having, except as a result of hard work.”

Well, go Europe, and they say it's "not right" that someone must work to escape poverty...

Read the post again. If all you can do is lie to make a point, you haven't got one.

Originally Posted by Black Heart

1. Factories barely grew last month, according to a widely-watched monthly survey released today. It was the worst month in two years for U.S. manufacturers, the survey found.

They're all on a fast boat to China.

Originally Posted by Black Heart

2. Broader economic growth is anemic. GDP rose at an annual rate of less than 1 percent during the first half of this year, according to a report released on Friday. That's much lower than earlier estimates suggested. The report also found that the economy took an even bigger hit during the recession than economists thought.

W's and the Rethug's recession, that is. And they've done everything they can to make sure Obama has a failed presidency. They consider destroying the country a legitimate tactic in that quest.

Originally Posted by Black Heart

3. Job growth has slowed dramatically. Earlier this year, the U.S. economy was adding well over 100,000 jobs a month. But over the past few months, that has slowed dramatically — only 18,000 jobs were added in June. The July jobs numbers come out on Friday; early estimates suggest that the economy added 75,000 jobs during the month, which is not enough to keep up with population growth, much less bring down unemployment.

Doesn't growth always slow down it the summer months.