Strongest world economy
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Strongest world economy
Besides China, what other countries do you think will fair better than the US economically?
Pennysaved- Posts : 66
Join date : 2009-12-22
Re: Strongest world economy
Contrary to popular belief, I still think the US has a fair chance of pulling through this. Brazil is at least a consideration for a growing economic power, likewise India, based on population alone.
twocents- Posts : 65
Join date : 2010-01-03
Re: Strongest world economy
Iraq should do well. They have all that oil.. and we are paying for all the reconstruction.
HoardCopperByTheTon- Posts : 55
Join date : 2009-12-22
Location : CA
Re: Strongest world economy
Russia is doing OK from an equities standpoint because they have a lot of energy companies, but I don't think their overall economy is going to be good anytime soon - still too much leftover authoritarian instincts and laws from the Soviet days.
AGgressive Metal- Posts : 133
Join date : 2009-12-22
Re: Strongest world economy
The only possible way that the U.S. can pull out of the fiat death spiral it's in is if our administration, whether this one or ones that follow, can keep convincing other countries or other investors to keep lending us money. Nobody wants worthless paper, and that's all the U.S. government can offer other than selling off all of the assets we have left (if any). The only way our economy will ever recover is if investors/lenders somehow gain new confidence in the strength of both the dollar and our economy's overall trajectory. Pretty soon, all the townspeople will stop giving quarters to the town drunk. And we're the town drunk.twocents wrote:Contrary to popular belief, I still think the US has a fair chance of pulling through this. Brazil is at least a consideration for a growing economic power, likewise India, based on population alone.
National debts of countries notwithstanding, I thought this chart showing foreign reserves and gold ownership per capita to be, um...interesting. The United States ranks 118th:
http://www.nationmaster.com/graph/eco_res_of_for_exc_and_gol_percap-foreign-exchange-gold-per-capita
Nickelless- Posts : 2
Join date : 2010-02-03
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