While the rest of the world prints money to stave off the consequences of having spent too much, and borrows more to mitigate the borrowing, so the Icelanders are settling into their penury like men who’ve come back from a holiday slipping into their old threadbare coats, taking comfort in familiarity and pleasure in being relieved from avarice.
economy
Showing 2 posts tagged economy
do you have a sense of impending doom for america?
Asked by Anonymous
no.
If speaking of the economy, things are slowly turning up again. Houses are selling. Companies are hiring, stocks are on the up turn. It’s not like flipping a light switch, it’s won’t happen overnight or in a year; maybe 5-7yrs till it’s close to mid-2008.
If speaking about world control/dominance, then the US needs to acknowledge China/India as major players. Russia is not the USSR, and shouldn’t be regarded as such(as most do). The population of China & India combined is nearly 8x the population of the US. With mass population comes requirements for food & energy, which in turn fuels mass consumption. Mass population also forces governments to make optimal decisions for their population before international co-operation.
On the political state of affairs, it’s quite baffling that there are only 2 political parties in the US. Sure there are others, but have any of them actually won a powerful position? I do see an impending break-up of the Republican party, & I think that’s a good idea.
As a super power, I don’t think the US will be the primary for much longer. Though it will still remain one. I don’t understand why the US feels the need to police/fix the rest of the world. There are social/cultural ways in other countries which may not fit the US picture of harmony, but that’s not to say they are worse than the US way. Unlike the US, China will invest/spend in a country rich in resources, regardless of political/cultural issues - it’s just business. For that China, has made a lot of new powerful friends in the world.
The US is still the hub for financial markets, innovation & management. Mostly everything else has been farmed out to the cheapest labor. The US is a consumption economy, no longer a maker. Manufacturers are making more products & money overseas. There is a gloom/doom for manual labor jobs, until the US can manufacturer & sell goods in the US to equal/better specification than overseas but at similar profit.
