You put China first, then pretended “it is slowing down”.
China is growing.
We need to start worrying about that.
Too much government interference. Too much manipulation by central banks.
But there is some good news. The alphabet Federal agencies are doing just fine.
My theory is that the US economy is the world’s economic driving force and socialism doesn’t work.
Or free markets drive the world economy and there currently aren’t any.
My theory is that the US economy is the world’s economic driving force and socialism doesn’t work.
Or free markets drive the world economy and there currently aren’t any.
I think all those countries who hitched their star to a rising China are in for a disappointment.
IMO this country will bounce back when Romney gets in, mainly because there will be a collective sigh of relief that the bomb-thrower is out of power. Businesses will have more confidence in a more stable regulatory environment and start hiring. If Romney cuts loose the Keystone pipeline and open new areas to fracking, this country will turn on a dime. BIG problems remain, but maybe some straws will be removed from the camel's back.
Why is the world economy slowing down?What a spectacularly uninformative author.
1) The world economy is slowing down.
2) The world economy is slowing down.
3) The world economy is slowing down.
4) The world economy is slowing down.
Conclusion: The world economy is slowing down.
Why are we slowing? That’s easy. Not enough growth. Not enough new technology. Too many taxes. Too much social welfare to the undeserving. Too little productivity. Too many public employee unions siphoning off the wealth as “retirement benetfits”.
The author fails to mention the key to every failure to recover: Government Meddling.
Economies have recessions. The only question about the recovery is whether governments will insert themselves further into the economy and therefore get in the way of the recovery, or remove themselve from the economy so that it can grow faster.
Governments are like carbon rods in a nuclear reactor. The nuclear fission will be either dampened or revved up depending on how much the government / rods GET IN THE WAY.
Underlying all of this is a cancerous lack of belief
That conditions are present where one uses capital to make capital
Labor, Goods, Services, Land, Personal Worth, Borrowed Money
Are all form of Capital
Entrepreneurs act on the belief that a
positive rate of return can be expected
for a given activity
If, as is currently true,
they believe a negative ROI is to be expected,
they sit on their hands
Multiply by 10's of millions of individual decisions
by individual entrepreneurs
The economies stop, and all H.LL breaks out
The unemployment in China is about 5%...Where did they get all those jobs for hundreds of millions of people???
They got them from the U.S.A...From Germany, the UK, France, Australia, Russia and every other industrialized nation in the world...
China has hundreds of billions of U.S. dollars (the world currency) in reserve while every other country on the face of the earth is billions and billions of dollars in debt...
Every time someone buys something, the money goes to China...
No one will talk about the real problem and certainly no one will talk about the obvious solution...
China has nothing over us in a sense. We are consuming less; China’s largest customer is the EU and they are consuming less. They are screwed right along with us in the slowdown.
Easy.
Because, unlike the ignorance and faith of the elected morons in Sacramento and D.C., the American citizens, alone, can't cure all the world's ills, support all the world's socialist parasites, feed all the world's starving children, or create democracies out of koranimals.
Just do the math.
I think its all part of an ongoing depression, where we have a series of recessions punctuated by artificial growth caused by stimulus. Thats really what is happening nowthe stimulus is wearing off and the hangover is setting in.
And of course, the bigger the stimulus, the bigger the hangover. As the economy builds up a tolerance for stimulus, you need more and more of it to get any effect. Weve had record doses of stimulus and weve barely had any kind of phony growth