:vdvdive:
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:vdvdive:
All you have to do to join is promise not to throw used tissues at him whilst he naps
Sorry, but my degree is in economics and I can't easily take the subject jokingly.
So, not to open a giant can of worms, what are your feelings on the Fed?
Yeah VS, you an Alex Hamilton or Aaron Burr?
Complex and nuanced. Somewhat hostile and skeptical.
Hamilton, but that's a different era entirely.
Basically, I spend a significant % of my work week listening to economics lectures and discussions. Have learned probably 10x what I picked up in college.
For fuck sake, not other conversation about the colour of boots. How boring do you have to be to give a shit about the colour of boots?
Thank god this has been revived with a conversation about econom.... oh
ochbye:
Thank god this has been revived with a conversation about econom.... oh
ochbye:If the world economy was a school ground game of football, the USA is the kid with the ball.
When they decide they want to stop playing the game, we all suffer
And there's a Chinese kid rapidly accelerating towards him smirking at the gnarly tackle from behind he's about to deliver.
The chinese kid has his own ball and his own crew that can make balls. All he needs is the playground
The chinese kid has his own ball and his own crew that can make balls. All he needs is the playground
Ah, true. And his ball is superior albeit more cheaply made taboot. :gomes:
In comparison to Zimbabwe then yes, you would be correct.
Macs. Made in China designed in America. It's an irresistible combination.
I wasn't trying to be funny - that's what happens.
(I'll take it though)
Zimbabwe's currency has stabilized, thanks to them pegging their currency at a fixed rate to the US dollar.
The USD is sound. Not sure what sort of propaganda you lot have been reading.
We would rather burn dollars than buy Russian gas. This is our level of commitment to the 'special relationship'.
Not many people over here read by the way.
Meh, I'm not worried.
In one sense, it's wrongheaded to view Chinese and American prosperity as mutually exclusive. In another sense, I am deeply skeptical of China's ability to sustain their recent trend of growth over the next few decades.
In gross terms it's probable that they will very shortly overtake the US in terms of gross economic output, however poorly that statistic is compiled. But, in real terms their per capita rate of prosperity is still quite low.
There are some quite serious issues underlying the fundamentals of the Chinese economy, and in particular their chief policy tool for growth (stimulation of the construction sector) over the past decade or so seems to be going off the rails, if the past few months are any indication.