Strongest world economy

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Strongest world economy

Post  Pennysaved on Sun Jan 03, 2010 9:39 pm

Besides China, what other countries do you think will fair better than the US economically?

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Re: Strongest world economy

Post  twocents on Sun Jan 03, 2010 11:53 pm

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.
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Re: Strongest world economy

Post  HoardCopperByTheTon on Mon Jan 04, 2010 2:57 am

Iraq should do well. They have all that oil.. and we are paying for all the reconstruction.
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Re: Strongest world economy

Post  AGgressive Metal on Mon Jan 04, 2010 11:38 pm

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.
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Re: Strongest world economy

Post  Nickelless on Wed Feb 03, 2010 6:41 am

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.
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.

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
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