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THeBlueCashew

General Discussion => The Flea Trap => Topic started by: JOE on January 10, 2019, 08:51:44 AM

Title: USA set to lose its spot as the top world economy by next year
Post by: JOE on January 10, 2019, 08:51:44 AM
https://apple.news/ASw5PSCQ9TSekR-E1WnLHmQ



...a spot it may never regain.



And 7 of the top world economies could be Asian very soon.



Comments?
Title: Re: USA set to lose its spot as the top world economy by next year
Post by: Anonymous on January 10, 2019, 08:53:10 AM
Quote from: "JOE"https://apple.news/ASw5PSCQ9TSekR-E1WnLHmQ



...a spot it may never regain.



And 7 of the top world economies could be Asian very soon.



Comments?

It was inevitable.
Title: Re: USA set to lose its spot as the top world economy by next year
Post by: Odinson on January 10, 2019, 03:52:01 PM
I thought it already lost it..
Title: Re: USA set to lose its spot as the top world economy by next year
Post by: Wazzzup on January 10, 2019, 04:08:18 PM
I don't know about this as much as SB so he can correct me if I am wrong.  



Manufacturing is the main engine of an economic growth and more and more western economies are moving away from manufacturing and getting their goods by importing from places with cheap labor like china.
Title: Re: USA set to lose its spot as the top world economy by next year
Post by: Anonymous on January 10, 2019, 04:43:40 PM
Quote from: "Wazzzup"I don't know about this as much as SB so he can correct me if I am wrong.  



Manufacturing is the main engine of an economic growth and more and more western economies are moving away from manufacturing and getting their goods by importing from places with cheap labor like china.

This is an old Joe thread, the Seoul brother will not post in it.
Title: Re: USA set to lose its spot as the top world economy by next year
Post by: Odinson on January 10, 2019, 04:57:39 PM
Quote from: "Wazzzup"I don't know about this as much as SB so he can correct me if I am wrong.  



Manufacturing is the main engine of an economic growth and more and more western economies are moving away from manufacturing and getting their goods by importing from places with cheap labor like china.


And they are moving their HQs to countries with low taxation.
Title: Re: USA set to lose its spot as the top world economy by next year
Post by: Anonymous on January 10, 2019, 05:04:00 PM
Quote from: "Odinson"
Quote from: "Wazzzup"I don't know about this as much as SB so he can correct me if I am wrong.  



Manufacturing is the main engine of an economic growth and more and more western economies are moving away from manufacturing and getting their goods by importing from places with cheap labor like china.


And they are moving their HQs to countries with low taxation.

And since Trump lowered US corporate tax rates, companies have brought billions of dollars back the good old USA.



Apple, Capitalizing on New Tax Law, Plans to Bring Billions in Cash Back to U.S.

https://www.nytimes.com/2018/01/17/technology/apple-tax-bill-repatriate-cash.html



Thanks To Tax Cuts, Companies' Overseas Profits Now Flooding Back To U.S.

https://www.investors.com/politics/editorials/overseas-profits-return/
Title: Re: USA set to lose its spot as the top world economy by next year
Post by: @realAzhyaAryola on January 10, 2019, 05:06:06 PM
Trump is skipping this year's World Economic Forum to focus on the border.
Title: Re: USA set to lose its spot as the top world economy by next year
Post by: Anonymous on January 10, 2019, 05:10:39 PM
Quote from: "@realAzhyaAryola"Trump is skipping this year's World Economic Forum to focus on the border.

I read that and I think it is the wise move. Those international backslapping events are useless C02 emissions generators. Stay home and stick to his guns on the wall.
Title: Re: USA set to lose its spot as the top world economy by next year
Post by: Odinson on January 10, 2019, 05:24:49 PM
China has raised the living standards of 500 million people from extreme poverty to dirt poor..





The next level is skinned broke..
Title: Re: USA set to lose its spot as the top world economy by next year
Post by: Anonymous on January 10, 2019, 05:27:36 PM
Quote from: "Odinson"China has raised the living standards of 500 million people from extreme poverty to dirt poor..





The next level is skinned broke..

They have lifted about three hundred million people to living standards comparable to Korea in terms of PPP.
Title: Re: USA set to lose its spot as the top world economy by next year
Post by: @realAzhyaAryola on January 10, 2019, 09:33:53 PM
Brace yourselves for impact, folks. The market will be affected by a few things coming up. China negotiations and the Battle for the Wall and a few other things.
Title: Re: USA set to lose its spot as the top world economy by next year
Post by: Gaon on January 10, 2019, 09:40:22 PM
Quote from: "@realAzhyaAryola"Brace yourselves for impact, folks. The market will be affected by a few things coming up. China negotiations and the Battle for the Wall and a few other things.

The outlook is better this week. it looks like no more interest rate hikes for a while. Trump is hinting a deal with China is coming in the next few months.
Title: Re: USA set to lose its spot as the top world economy by next year
Post by: Anonymous on January 11, 2019, 01:55:44 PM
Quote from: "Herman"
Quote from: "Wazzzup"I don't know about this as much as SB so he can correct me if I am wrong.  



Manufacturing is the main engine of an economic growth and more and more western economies are moving away from manufacturing and getting their goods by importing from places with cheap labor like china.

This is an old Joe thread, the Seoul brother will not post in it.

You got that right.
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