Post by
ztransforms173 on Oct 02, 2023 3:04pm
DARK CLOUDS Are Moving Rapidly Over The WORLD Economy
- ALMOST everywhere you LOOK, the OUTLOOK is PRETTY DEPRESSING both FINANCIALLY and ECONOMICALLY
- China, BIGGEST crude oil IMPORTER:
* DISASTROUS real estate LENDING & DEBT could TORPEDO entire FINANCIAL FRAMEWORK in China
- Europe:
* BOTH UK and Germany are in RECESSION and Russian SANCTIONS have SEVERELY DAMAGED the industrial MANUFACTURING BASE and DE-INDUSTRIALIZATION is GAINING MOMENTUM
- US, 25% of nominal GDP {strong USD} and 15% PPP (purchasing power parity) of world GDP
- Senile Joe SELF-DESTRUCTIVE POLICIES and Federal Reserve INTEREST RATE WARS have DECIMATED US DISPOSABLE INCOME and MASSIVELY OPPRESSED the SHRINKING middle class
- the INCOMING recession is going to be MUCH WORST and DEEP than the one in 2007-2009
z173
Comment by
ztransforms173 on Oct 02, 2023 3:06pm
better now: - the INCOMING recession is going to be MUCH WORST and DEEPER than the one in 2007-2009 z173
Comment by
mrbb on Oct 03, 2023 1:37pm
call me tin foil hat if u want, note the highlighted 3 biggy dark clouds were man made, just under different time span
Comment by
Experienced on Oct 06, 2023 8:10am
Agreed.. In terms of a comparison of the US vs Canada here is a link which compares the two countries across a wide range of indicators....draw your own conclusions. https://www.nationmaster.com/country-info/compare/Canada/United-States/Economy/Debt
Comment by
Torontojay on Oct 06, 2023 4:25pm
In a nutshell, US has more public debt to gdp Canada has MUCH higher private debt to gdp US has a larger fiscal deficit to gdp. US has positive real gdp per capita Canada has negative real gdp per capita If only Americans knew how much more expensive Canadian homes are in comparison. They should stop complaining.
Comment by
Torontojay on Oct 07, 2023 7:14am
That's very funny experienced. I guess we are aliens that live in igloos.