Can the World Survive US Downturn?

[Crabtownboy]

Interesting article from Time

http://www.time.com/time/business/article/0,8599,1736303,00.html

 

[Revmitchell]

The article is hyperbole.


Downturns in the US market are part of our system. We have natural adjustments from time to time as growth can only go so high. making claims of economic "convulsions" and "wealth destruction" only serve to fear monger where none is needed.

 

[rbell]

The same questions were asked in 1973, and 1979-80.

 

[North Carolina Tentmaker]

Rev 18:11

And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more:

 

[Crabtownboy]

The article is hyperbole.


Downturns in the US market are part of our system. We have natural adjustments from time to time as growth can only go so high. making claims of economic "convulsions" and "wealth destruction" only serve to fear monger where none is needed.

Did you read the article?

 

[Revmitchell]

Did you read the article?

Maybe you should reread my post. the you will not be inclined to ask silly questions.

 

[Crabtownboy]

Downturns in the US market are part of our system. We have natural adjustments from time to time as growth can only go so high. making claims of economic "convulsions" and "wealth destruction" only serve to fear monger where none is needed.

Maybe you should reread my post. the you will not be inclined to ask silly questions.

But you answer reads so like one where a person has not read the article, but wants to appear they have. After all it is saying something you do not like to hear. And it asks a valid question. What you said is true, we have ups and downs. No one is disputing that. The question is how much does our ups and downs affect the rest of the world? What is your opinion on how much influence our economy has on other economies around the world? Is it as much as in previous years? Or is our influence declining?

 

[just-want-peace]

Can the U.S. really become economically irrelevant?

This quote from the article must be answered in the affirmative (most emphatically) if the liberals (no matter the party label) get control of our government.

Unfortunately this is looking very probable or even likely.

 

[Revmitchell]

But you answer reads so like one where a person has not read the article, but wants to appear they have. After all it is saying something you do not like to hear. And it asks a valid question. What you said is true, we have ups and downs. No one is disputing that. The question is how much does our ups and downs affect the rest of the world? What is your opinion on how much influence our economy has on other economies around the world? Is it as much as in previous years? Or is our influence declining?

No.....it doesn't. I pulled some fo the incorrect characterizations of our economy right out of the article. And put light on their incorrect usage. But then of course I said something you did not want to hear.:thumbs:

 

[billwald]

The world willl survive. The old rich will do fine. The new rich will become middle class. The middle class will become the new working poor. The poor will die. In other words, nothing new.