Social Feed

Chinese GDP is approaching US GDP, and it's only a matter of time (estimates are anywhere from a few years to a decade) that it exceeds ours.

Individual buying power will remain in our favour but consumers are only part of the equation.

Click to expand...

Its a much bigger picture than that.
To all the Negative Nancy's who believe the US economy is gloom and doom, that the US will soon ( within the next 10 years become a 3rd world nation), please read the following article loaded with comparison facts.

U.S. vs China: which economy is bigger, better? | Expert Zone

I would only add to the article that it seems to me that most negative Nancy's in the US who postulate the gloom and doom theory fail to include the fact that future predictions is like crystal ball gazing and the negative views are based on short time frame slopes in the long term trend curve. In other words, the direction in the most recent past indicates a negative direction for the US or a closing the gap of a huge one between China and the US. But what Negative Nancy's fail at is to include emerging game changers presently giving birth in the US that will spell an explosion of jobs and demand exports, especially to the Chinese. This major game changer in the US is the most recent discovery of fossil fuel energy reserves combined with recent fracking and horizontal drilling technology to extract economically and safely with a minimum of surface environmental impact. These transportable and exportable energy resources are believed to be a major game changer making the US and Canada the center for world's energy exports and huge jobs development. While the US has avoided a government energy policy to promote US energy independence, the private sector has forged forward on its own to develop this natural resource, in spite of government attempts to prevent it. This will happen in near times if things regarding regulation of it remain constant. It will happen much faster if government gets out of the way and allows the US to become the world's leader in energy resource.

Mike- I hope this isn't too political for your rules. If it is feel free to censor out the parts that are unfit for readers here.

As for point 2, where people connect from shows where to build up infrastructure. How they access indicates what platforms to prioritize development for and what services could /should be offered.

Click to expand...

You lost me, John. Obviously it is something you believe you need to know but it sounds like its way above my pay grade.

Don,

Why is it you have to paint those who disagree with you in a negative light? Now it's "negative Nancy's ". Can you have a discussion without resorting to the childish behavior?

Germany, Japan and the UK don't have the world's largest economies but the last I checked they weren't considered to be third world countries. So when the US drops below China, I don't think we'll be a third world country. When you make these type of ridiculous leaps, you weaken the point you are trying to make.









Sent from my MB855 using Tapatalk 2

Sorry, I have my reason but I will just drop it. More important is that the facts are quite different than the hype in the press that what you believe will soon happen. The mantra is often stated in the press which thrives on being negative. But these claims of future prediction have the flaws as stated in the article as well as the assumption that there are no game changers ever going to happen when in fact we know of some of them already.

So when the US drops below China, I don't think we'll be a third world country. When you make these type of ridiculous leaps, you weaken the point you are trying to make.

Click to expand...

First of all I believe that when you claim "when" China passes the US, I would state that is a ridiculous leap. The spread per capita is just way too great for that to ever happen unless we change here and become a communist state of economy. It's our free market that allows us to continue to develop. I would not consider it a ridiculous leap had you said IF China ever catches up to and passes the US...

You are correct that I should not have identified you as a "Negative Nancy" It was indeed childish and beneath us. I do use the term to describe much of the news that generates these myths about the US failing economy and that it is a fait accompli. Presently we have indeed stagnated around a +2% GDP while the Chinese is at +8.9% but assuming we will never have changes in the future, the the negative may come true but not soon. I will call myself a Positive Don and say I believe the changes we see in the US with our elections and free enterprise will continue to widen the gap, not narrow it. In the words of Steve Wynn, ( paraphrasing from his 3rd qtr report last November I recall-) "In China we have to understand that things move slowly, very slowly as compared to the US. What changes in a couple years in the US takes decades to change in China. To be successful in China, we had to learn patience."

i don't think that anyone is predicting that China will overtake us in per capita GDP anytime soon. The predictions are of China taking the lead in terms of total GDP. that probably is inevitable though I think some of the forecasts about Chinese growth may be optimistic---but that is just aquestion of when not if. As for us becoming a third world country that is unlikely. There is room for more than one country outside of the third world. We just won't be the dominant economy in the world as we have been.

Geronimo said:

i don't think that anyone is predicting that China will overtake us in per capita GDP anytime soon. The predictions are of China taking the lead in terms of total GDP. that probably is inevitable though I think some of the forecasts about Chinese growth may be optimistic---but that is just aquestion of when not if. As for us becoming a third world country that is unlikely. There is room for more than one country outside of the third world. We just won't be the dominant economy in the world as we have been.

Click to expand...

And Geronimo gets my point exactly.



Sent from my Transformer Prime TF201 using Tapatalk 2