• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

How much longer can the USA propel the global economy?

E

etech

Lifer
How much longer can the USA propel the global economy?

"Weak as it is, the U.S. economy is the main motor propelling worldwide growth. Germany is flirting with deflation. Britain and Canada cut interest rates this month to bolster their sagging business sectors. Global expansion has slowed by half since 2000."


C'mon you slackers in the other countries, do your share instead of just riding on the State's coattails.
 
CIA factbook 2002 stats

3.4 for last year, and higher this though its starting to decline, but not as badly as the US:

US Stats

Which was .3% for the year recorded, but has been in decline since. The BoC lowered interest rates to lower the Canadian dollar to help boost exports, and it worked.
 
Originally posted by: hagbard
CIA factbook 2002 stats

3.4 for last year, and higher this though its starting to decline, but not as badly as the US:

US Stats

Which was .3% for the year recorded, but has been in decline since. The BoC lowered interest rates to lower the Canadian dollar to help boost exports, and it worked.
Click to expand...

the .3 was for 2001

2003 has been in 1.5% range. Still sluggish, but improving.
 
Bank of Canada Cuts 2003 GDP, Inflation Forecasts


"...
The bank cut its 2003 growth forecast to about 2 percent from a projection of around 2.5 percent in April -- the month when the Canadian dollar's rise gained momentum, an outbreak of the deadly SARS (news - web sites) virus curbed activity and before May's shock news a single case of mad cow disease was found in Alberta.
...
Finance Minister John Manley cut late last month Canada's 2003 growth outlook to 2.2 percent from February's forecast of 3.2 percent, dimming prospects for what had long been the most robust economy among the Group of Seven rich nations.

Canada could lose that crown this year.

"We continue to steadfastly believe that the North American economy is poised for a second-half rebound," said Sherry Cooper, chief economist at BMO Nesbitt Burns.
"

 
Originally posted by: etech
How much longer can the USA propel the global economy?

"Weak as it is, the U.S. economy is the main motor propelling worldwide growth. Germany is flirting with deflation. Britain and Canada cut interest rates this month to bolster their sagging business sectors. Global expansion has slowed by half since 2000."


C'mon you slackers in the other countries, do your share instead of just riding on the State's coattails.
Click to expand...

How? I'm sure there is a way, but it seems not as simple as you seem to think it is. Don't expect much from Canada, our population is too small and the economy relies too much on Exports. We also had a brush with disaster some 10 years back and have developed an aversion to Deficit spending.
 
I'm with etech on this. Why don't other countries get off their dead butts, stop enjoying life, and get their noses to the grind stone. Don't you feel the need to fill your lives with useless crap and lust for more and more. I especially hate the French and their long family meals. What kinds of ass holes enjoy fresh produce and good cooking and a pleasurable countryside. Get with the mortgage payments and credit cards you fools.
 
Originally posted by: Moonbeam
I'm with etech on this. Why don't other countries get off their dead butts, stop enjoying life, and get their noses to the grind stone. Don't you feel the need to fill your lives with useless crap and lust for more and more. I especially hate the French and their long family meals. What kinds of ass holes enjoy fresh produce and good cooking and a pleasurable countryside. Get with the mortgage payments and credit cards you fools.
Click to expand...

Of course they have time for long leisurly meals. Their unemployment rate is over 9%.

Rise in French unemployment
"French unemployment climbed higher than expected in January, according to government figures.
The number of unemployed workers rose 20,000 to 2.47 million, the International Labour Organisation said - that is an increase of 0.8% on the previous month.

The rise follows cautious statements from a number of French companies, including the tyre maker Michelin.

"It's an uncertain road ahead," said the chairman Edouard Michelin this week.

Long term gloom

France's headline jobless rate stood at 9.1% in January, up 0.3% on the same time a year ago.

The figures coincided with sharp fall in consumer confidence, which slipped five points in January to its lowest level for five years.

Many large French companies have recently closed factories, including the food group Danone and aluminium maker Pechiney.

Earlier this month, the country's number two airline Air Lib went into liquidation, leaving 3,200 workers without jobs.

The Labour Ministry added that the number of long-term unemployed - those out of work for more than 12 months - had risen by 4.7% to 680,500.

"
 
Originally posted by: Moonbeam
I'm with etech on this. Why don't other countries get off their dead butts, stop enjoying life, and get their noses to the grind stone. Don't you feel the need to fill your lives with useless crap and lust for more and more. I especially hate the French and their long family meals. What kinds of ass holes enjoy fresh produce and good cooking and a pleasurable countryside. Get with the mortgage payments and credit cards you fools.
Click to expand...
That's one of the things I like about Mexico. Lunch (really dinner, the largest meal of the day) is from 2 pm until 4 pm and even with that as the standard schedule, most people seem to take between 2-1/2 to 3 hours.

 
Originally posted by: etech
Originally posted by: Moonbeam
I'm with etech on this. Why don't other countries get off their dead butts, stop enjoying life, and get their noses to the grind stone. Don't you feel the need to fill your lives with useless crap and lust for more and more. I especially hate the French and their long family meals. What kinds of ass holes enjoy fresh produce and good cooking and a pleasurable countryside. Get with the mortgage payments and credit cards you fools.
Click to expand...

Of course they have time for long leisurly meals. Their unemployment rate is over 9%.

Rise in French unemployment
"French unemployment climbed higher than expected in January, according to government figures.
The number of unemployed workers rose 20,000 to 2.47 million, the International Labour Organisation said - that is an increase of 0.8% on the previous month.

The rise follows cautious statements from a number of French companies, including the tyre maker Michelin.

"It's an uncertain road ahead," said the chairman Edouard Michelin this week.

Long term gloom

France's headline jobless rate stood at 9.1% in January, up 0.3% on the same time a year ago.

The figures coincided with sharp fall in consumer confidence, which slipped five points in January to its lowest level for five years.

Many large French companies have recently closed factories, including the food group Danone and aluminium maker Pechiney.

Earlier this month, the country's number two airline Air Lib went into liquidation, leaving 3,200 workers without jobs.

The Labour Ministry added that the number of long-term unemployed - those out of work for more than 12 months - had risen by 4.7% to 680,500.

"
Click to expand...


Etech, wtf are you trying to prove???

the only thing you are proving for the moment is that you are a French basher (like usual) and just like everywhere in the world the French economy is having troubles


 
Originally posted by: freegeeks
Etech, wtf are you trying to prove???

the only thing you are proving for the moment is that you are a French basher (like usual) and just like everywhere in the world the French economy is having troubles
Click to expand...

He's refuting Moonbeams point. Sure, Moonie wants everyone to live just like the French do. Long lunches, weeks and weeks of vacation. Sure, it sounds nice, but people in the US are ranting about 6% unemployment. Now increase that by 50%, and heads would be ready to roll. There are consequences to both the US economic system and the French, and etech is simply pointing out where we could be heading if Moonies vision of the world comes true.

 
Originally posted by: Dudd
Originally posted by: freegeeks
Etech, wtf are you trying to prove???

the only thing you are proving for the moment is that you are a French basher (like usual) and just like everywhere in the world the French economy is having troubles
Click to expand...

He's refuting Moonbeams point. Sure, Moonie wants everyone to live just like the French do. Long lunches, weeks and weeks of vacation. Sure, it sounds nice, but people in the US are ranting about 6% unemployment. Now increase that by 50%, and heads would be ready to roll. There are consequences to both the US economic system and the French, and etech is simply pointing out where we could be heading if Moonies vision of the world comes true.
Click to expand...

while I partially agree with your post I still believe that Etech just wants to bash the French. After the YAGT the most popular but also the most pathetic type of threads.

 
Originally posted by: freegeeks
Originally posted by: Dudd
Originally posted by: freegeeks
Etech, wtf are you trying to prove???

the only thing you are proving for the moment is that you are a French basher (like usual) and just like everywhere in the world the French economy is having troubles
Click to expand...

He's refuting Moonbeams point. Sure, Moonie wants everyone to live just like the French do. Long lunches, weeks and weeks of vacation. Sure, it sounds nice, but people in the US are ranting about 6% unemployment. Now increase that by 50%, and heads would be ready to roll. There are consequences to both the US economic system and the French, and etech is simply pointing out where we could be heading if Moonies vision of the world comes true.
Click to expand...

while I partially agree with your post I still believe that Etech just wants to bash the French. After the YAGT the most popular but also the most pathetic type of threads.
Click to expand...

And I think you just want to bash etech. Round and round we go.

You != good point.
 
Originally posted by: etech
Bank of Canada Cuts 2003 GDP, Inflation Forecasts


"...
The bank cut its 2003 growth forecast to about 2 percent from a projection of around 2.5 percent in April -- the month when the Canadian dollar's rise gained momentum, an outbreak of the deadly SARS (news - web sites) virus curbed activity and before May's shock news a single case of mad cow disease was found in Alberta.
...
Finance Minister John Manley cut late last month Canada's 2003 growth outlook to 2.2 percent from February's forecast of 3.2 percent, dimming prospects for what had long been the most robust economy among the Group of Seven rich nations.

Canada could lose that crown this year.

"We continue to steadfastly believe that the North American economy is poised for a second-half rebound," said Sherry Cooper, chief economist at BMO Nesbitt Burns.
"
Click to expand...


All the same, still better than the US figures.

 
Unemploymment will become the norm everywhere as China and India do the work of the world. There are two principles to capitalism. The work goes to the poorest and least defended and the wealth accumulates in the hands of the few. They live wherever they can buy protection. Globalization is destroying the world.
 
Originally posted by: hagbard
Originally posted by: etech
Bank of Canada Cuts 2003 GDP, Inflation Forecasts


"...
The bank cut its 2003 growth forecast to about 2 percent from a projection of around 2.5 percent in April -- the month when the Canadian dollar's rise gained momentum, an outbreak of the deadly SARS (news - web sites) virus curbed activity and before May's shock news a single case of mad cow disease was found in Alberta.
...
Finance Minister John Manley cut late last month Canada's 2003 growth outlook to 2.2 percent from February's forecast of 3.2 percent, dimming prospects for what had long been the most robust economy among the Group of Seven rich nations.

Canada could lose that crown this year.

"We continue to steadfastly believe that the North American economy is poised for a second-half rebound," said Sherry Cooper, chief economist at BMO Nesbitt Burns.
"
Click to expand...


All the same, still better than the US figures.
Click to expand...

The simple fact is that with the US and Canadian economies linked so heavily a stagnation in the US economy will effect Canada although probably in a delayed reaction.

 
Originally posted by: Moonbeam
Unemploymment will become the norm everywhere as China and India do the work of the world. There are two principles to capitalism. The work goes to the poorest and least defended and the wealth accumulates in the hands of the few. They live wherever they can buy protection. Globalization is destroying the world.
Click to expand...

One post of yours I completely agree with. Globalization will only work when everyone is bumped down to the lowest level in the pool; giving everyone equal footing. From that point, everyone will build equally generally speaking.

Look to Japan as the canary in the coal mine on this; a very resource poor country with no more room for expansion. That is the model for the future good or bad as populations continue to grow and consume.
 
Originally posted by: rahvin
Originally posted by: hagbard
Originally posted by: etech
Bank of Canada Cuts 2003 GDP, Inflation Forecasts


"...
The bank cut its 2003 growth forecast to about 2 percent from a projection of around 2.5 percent in April -- the month when the Canadian dollar's rise gained momentum, an outbreak of the deadly SARS (news - web sites) virus curbed activity and before May's shock news a single case of mad cow disease was found in Alberta.
...
Finance Minister John Manley cut late last month Canada's 2003 growth outlook to 2.2 percent from February's forecast of 3.2 percent, dimming prospects for what had long been the most robust economy among the Group of Seven rich nations.

Canada could lose that crown this year.

"We continue to steadfastly believe that the North American economy is poised for a second-half rebound," said Sherry Cooper, chief economist at BMO Nesbitt Burns.
"
Click to expand...


All the same, still better than the US figures.
Click to expand...

The simple fact is that with the US and Canadian economies linked so heavily a stagnation in the US economy will effect Canada although probably in a delayed reaction.
Click to expand...

All the more reason to develop stronger trade ties with other parts of the world, and tell the US to FO whenever it goes to sticking its nose into our business or pushing us into their empire building schemes.
 
Originally posted by: Dudd
Originally posted by: freegeeks
Etech, wtf are you trying to prove???

the only thing you are proving for the moment is that you are a French basher (like usual) and just like everywhere in the world the French economy is having troubles
Click to expand...

He's refuting Moonbeams point. Sure, Moonie wants everyone to live just like the French do. Long lunches, weeks and weeks of vacation. Sure, it sounds nice, but people in the US are ranting about 6% unemployment. Now increase that by 50%, and heads would be ready to roll. There are consequences to both the US economic system and the French, and etech is simply pointing out where we could be heading if Moonies vision of the world comes true.
Click to expand...


Exactly, I thought it was obvious. Moonie was the one that brought France into this thread. I was pointing out that France has its problems also. As the US has a Social Security problem looming France has a huge pension problem looming. Have you read of the strikes in France over the cutting of unemployment benifits?

The main point of this thread was to point out that no matter what the US does with its economy it will take a world wide recovery before the US can fully recover. Think about that when the dems try to blame the economy on Pres. Bush. If you know the facts then you will know that they are lying.

 
Originally posted by: etech
Originally posted by: Dudd
Originally posted by: freegeeks
Etech, wtf are you trying to prove???

the only thing you are proving for the moment is that you are a French basher (like usual) and just like everywhere in the world the French economy is having troubles
Click to expand...

He's refuting Moonbeams point. Sure, Moonie wants everyone to live just like the French do. Long lunches, weeks and weeks of vacation. Sure, it sounds nice, but people in the US are ranting about 6% unemployment. Now increase that by 50%, and heads would be ready to roll. There are consequences to both the US economic system and the French, and etech is simply pointing out where we could be heading if Moonies vision of the world comes true.
Click to expand...


Exactly, I thought it was obvious. Moonie was the one that brought France into this thread. I was pointing out that France has its problems also. As the US has a Social Security problem looming France has a huge pension problem looming. Have you read of the strikes in France over the cutting of unemployment benifits?

The main point of this thread was to point out that no matter what the US does with its economy it will take a world wide recovery before the US can fully recover. Think about that when the dems try to blame the economy on Pres. Bush. If you know the facts then you will know that they are lying.
Click to expand...


yip, Moonie brought France into the thread and you quickly wanted to prove how "lazy" they are (with their unemploymeny rate they have time for the long lunches). Of course it could be that my sarcasm meter is not functioning (but I doubt it).

I agree with the rest of your post that economics has little to do who the president is. We are living in a globalized economy. If it's going bad in the USA, it's going bad in Europe, Japan, ... and vice versa.
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top