OT Food for thought

Peter Charles wrote:

You
should read the Toronto Sun newspaper -- it loves everything US and
can't wait to replicate it in Canada.

You missed your chance in the Revolution.

God knows, we tried. :-)

--
Cut "to the chase" for my email address.

Peter Charles wrote:





There's no doubt that the WalMartification of the US ecponomy is
causing some shifts and that the current adiminstration's policies are
making things worse, but I doubt the US is going to drop into second
place any time soon. The EU is a bigger economy than that of the US
but, unless the US bullies and scares it into greater unitly, its
members will continue to behave like squabbling hens. China still has
a very long way to go. Russia is only just emerging from basket case
status.

The biggest threat to the US primacy is still an internal one.


In terms of standard of living, China does have a long way to go, but
that just gives them more room for economic growth. China's Gross
Domestic Product has averaged 10% growth over the last 25 years and is
currently at that rate. The US has averaged a little over 3% and is
presently at that rate. By my figures, China's GDP should surpass the
US's within 10 years. After that, I think the US gets left in the dust.
The cat is out of the bag in China and I see their present situation
similar to where the US was during the Industrial Revolution.

Willi

Tim Lysyk wrote:

Quite the opposite. It is usually the US who blames their problems on
Canada.

Get serious. Most Americans don't even have a clear idea where Canada is.

--
Cut "to the chase" for my email address.

On Sat, 28 Feb 2004 19:03:11 -0700, rw
wrote:

Tim Lysyk wrote:

Quite the opposite. It is usually the US who blames their problems on
Canada.

Get serious. Most Americans don't even have a clear idea where Canada is.

He is serious - have you forgotten mad cow? And they don't have to
know where Canada is, they just have to believe the talking head on
CNN.


Peter

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On Sat, 28 Feb 2004 19:01:38 -0700, Willi wrote:



Peter Charles wrote:





There's no doubt that the WalMartification of the US ecponomy is
causing some shifts and that the current adiminstration's policies are
making things worse, but I doubt the US is going to drop into second
place any time soon. The EU is a bigger economy than that of the US
but, unless the US bullies and scares it into greater unitly, its
members will continue to behave like squabbling hens. China still has
a very long way to go. Russia is only just emerging from basket case
status.

The biggest threat to the US primacy is still an internal one.


In terms of standard of living, China does have a long way to go, but
that just gives them more room for economic growth. China's Gross
Domestic Product has averaged 10% growth over the last 25 years and is
currently at that rate. The US has averaged a little over 3% and is
presently at that rate. By my figures, China's GDP should surpass the
US's within 10 years. After that, I think the US gets left in the dust.
The cat is out of the bag in China and I see their present situation
similar to where the US was during the Industrial Revolution.

Willi


Nothing goes straight up forever, especially in economics.

Peter

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rw wrote:
Tim Lysyk wrote:


Quite the opposite. It is usually the US who blames their problems on
Canada.


Get serious. Most Americans don't even have a clear idea where Canada is.

I am quite serious. Since when did ignorance ever prevent someone from
doling out the blame or making accusations? Take yourself for example......

Tim Lysyk

On Sun, 29 Feb 2004 02:08:56 GMT, (Greg Pavlov)
wrote:

On Sat, 28 Feb 2004 18:30:05 -0500, Peter Charles
wrote:


There is a second problem that isn't covered in these numbers and
that's the accumulation of US dollars in countries enjoying a current
account surplus with the US.


That is what I was talking about. I believe China is
holding betw $400 and $500 billion.

If Bush keeps running up the deficit, the money will be back in the US
and China will be holding the notes. I don't know which is worse.

Britain was humbled by war debt held by the US (the last WWII payment
was made in 2000) so there is a possibility that if the Bush
Administration keeps indulging in military adventures, the resulting
debt load could have the same effect.

Peter

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Peter Charles wrote:

On Sat, 28 Feb 2004 19:01:38 -0700, Willi wrote:


In terms of standard of living, China does have a long way to go, but
that just gives them more room for economic growth. China's Gross
Domestic Product has averaged 10% growth over the last 25 years and is
currently at that rate. The US has averaged a little over 3% and is
presently at that rate. By my figures, China's GDP should surpass the
US's within 10 years. After that, I think the US gets left in the dust.
The cat is out of the bag in China and I see their present situation
similar to where the US was during the Industrial Revolution.

Willi



Nothing goes straight up forever, especially in economics.


Actually that is part of my argument - but coming from a different point
than yours. China is in the first stages of becoming an industrialized
nation giving them the opportunity for growth in every facet of their
economy. The US's economy is mature with much less opportunity for
growth. Personally, I think it will take less than the 10 year figure I
used. I correspond through emails with a couple gentlemen in China.
Pretty exciting times there right now.

Willi

On Sat, 28 Feb 2004 19:22:14 -0700, Willi wrote:



Peter Charles wrote:

On Sat, 28 Feb 2004 19:01:38 -0700, Willi wrote:


In terms of standard of living, China does have a long way to go, but
that just gives them more room for economic growth. China's Gross
Domestic Product has averaged 10% growth over the last 25 years and is
currently at that rate. The US has averaged a little over 3% and is
presently at that rate. By my figures, China's GDP should surpass the
US's within 10 years. After that, I think the US gets left in the dust.
The cat is out of the bag in China and I see their present situation
similar to where the US was during the Industrial Revolution.

Willi



Nothing goes straight up forever, especially in economics.


Actually that is part of my argument - but coming from a different point
than yours. China is in the first stages of becoming an industrialized
nation giving them the opportunity for growth in every facet of their
economy. The US's economy is mature with much less opportunity for
growth. Personally, I think it will take less than the 10 year figure I
used. I correspond through emails with a couple gentlemen in China.
Pretty exciting times there right now.

Willi



It depends on how they are managing their growth (and I have no info
on this whatsoever). Inflation could bite their ass, debt perhaps,
social unrest. Who knows, but I don't think I'd want to bet against
them.

Peter

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On Sat, 28 Feb 2004 19:38:40 -0700, rw
wrote:

Peter Charles wrote:

He is serious - have you forgotten mad cow?

Bad example, Peter.

Why? Explain

Peter

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