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Re: Forum gossip thread by Herman

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USA set to lose its spot as the top world economy by next year

Started by JOE, January 10, 2019, 08:51:44 AM

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JOE

January 10, 2019, 08:51:44 AM
https://apple.news/ASw5PSCQ9TSekR-E1WnLHmQ">https://apple.news/ASw5PSCQ9TSekR-E1WnLHmQ



...a spot it may never regain.



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



Comments?

Anonymous

#1
January 10, 2019, 08:53:10 AM
Quote from: "JOE"https://apple.news/ASw5PSCQ9TSekR-E1WnLHmQ">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.

Odinson

#2
January 10, 2019, 03:52:01 PM
I thought it already lost it..

Wazzzup

#3
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.

Anonymous

#4
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.

Odinson

#5
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.

Anonymous

#6
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">https://www.nytimes.com/2018/01/17/tech ... -cash.html">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/">https://www.investors.com/politics/edit ... ts-return/">https://www.investors.com/politics/editorials/overseas-profits-return/

@realAzhyaAryola

#7
January 10, 2019, 05:06:06 PM
Trump is skipping this year's World Economic Forum to focus on the border.
@realAzhyaAryola



[size=80]Sometimes, my comments have a touch of humor, often tongue-in-cheek, so don\'t take it so seriously.[/size]

Anonymous

#8
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.

Odinson

#9
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..

Anonymous

#10
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.

@realAzhyaAryola

#11
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.
@realAzhyaAryola



[size=80]Sometimes, my comments have a touch of humor, often tongue-in-cheek, so don\'t take it so seriously.[/size]

Gaon

#12
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.
The Russian Rock It

Anonymous

#13
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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