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Originally posted by Tw0Sides
reply to post by Drew99GT
Within 3 to 4 years , China`s economy will surpass the US, thats not a Prediction.
That`s the Facts.
Originally posted by Tw0Sides
reply to post by Drew99GT
Within 3 to 4 years , China`s economy will surpass the US, thats not a Prediction.
That`s the Facts.
Faber, who correctly predicted the 1987 stock market crash and more recently forecast the stock market correction in August last year, said China's economy depends largely on capital spending, which tends to be volatile and has a strong multiplier effect on the economy. A slowdown in China could have a painful impact on global gross domestic product [cnbc explains] growth as the nation is now the single largest contributor to global economic growth, the International Monetary Fund said earlier this year. The nation's contribution to global economic growth over 2010-13 is expected to be 31 percent, up from just 8 percent in the 1980s, the IMF said.
Originally posted by grey580
Originally posted by Tw0Sides
reply to post by Drew99GT
Within 3 to 4 years , China`s economy will surpass the US, thats not a Prediction.
That`s the Facts.
China's economy is based upon everyone buying their cheaply produced products.
If no one is buying product their economy is going to tank.
If the USA fails then so does china.
An alternative title for this note is Flight to Liquidity Is Lifting for Takeoff, but the word “correction” stands out more for most with the two titles meaning the same thing and that is a mass investor exodus from equities and commodities and into the relative and perceived safety of US dollars and Treasurys. Put more politely, this correction could be called a flight to safety by some or even primly, a flight to quality, but when looking at the decade-long monthly charts of the dollar index, 10-year Treasury yield, S&P, VIX, $BPSPX, CRB Index with a little Russell 2000 thrown in there for good measure, there’s nothing prim or proper about what’s coming and that is a potentially devastating correction and probably soon.
Now if this sort of possible dollar strength were coming under the auspices of a strong and improving US economy and rising rates it would be one thing, but when it is likely to come as the 10-year Treasury yield appears likely to go sub-1% as discussed last week, it is an entirely different thing and that is not even a flight to liquidity or safety but a flight of fear as investors essentially give the US government their money for very little return as occurred with shorter Treasurys in 2008 when investors were so scared they basically paid the US government to hold their money through that crisis.
Originally posted by Tw0Sides
The US economy is based on consumption, over 70% anyway.
With the Fed rates at 0%, Hyperinflation is knocking at our door, the middle class will be ravaged.
Bosnia and Zimbabwe are excellent countries to study, the US is following the same path these countries took.
We live in interesting times.
You're going off the assumption that the global economy will resemble what you see today. Unfortunately, we can't predict what the global political and economic scene will resemble in a year, let alone a half decade. I will agree that at the current pace you would be correct. That's why if you have the ability to, you set the political and economic atmosphere to suite your needs. The people who control the production of money have that ability if they make the right moves. The individuals who are in those positions didn't get there by being half wits.
Originally posted by Tw0Sides
reply to post by Drew99GT
Within 3 to 4 years , China`s economy will surpass the US, thats not a Prediction.
That`s the Facts.