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OMG! We're 50 separate countries!
You're such a dumbass.
Last I checked it was the United States of America...how many states are there again?....besides, it's not the size of the user, it's the value of the currency...
OMG! We're 50 separate countries!
You're such a dumbass.
We haven't been individual States since Lincoln tore up the 10th Amendment.
But number of countries is irrelevant. Money (put into common demonination), # of people, and # of companies, plus distribution of said money is the important thing.
It's not like it matters much anyway. Like you rightly point out, fluctuation of the dollar is the explanation. Once we reduce debt spending and let the value of the dollar improve, the US will be #1 again. Then again, if we don't start managing a surplus by the time the SS trust needs to be cashed in, the dollar will get a whole lot worse.
It's important because some states of the larger economies than some countries in the EU, and we all trade in dollars.......
Well you can compare the member states of the EU to the states in the US in economic terms in certain ways. While its not exactly the same the comparison of Europe as a whole to the United States is not something we can just throw away because "we're one country and they're 15".
Aside from an ego persepctive, why is this important?
Cause we're bored?
Eurozone is not the same as EU.
Currently there are 15 member states with over 320 million people in the Eurozone.
Good point!
There's a lot of ramifications related to foreign investments that MIGHT occur (shifting to probably if the trend continues over the next decade). Our large economy has bailed us out of recessions and such often due to foreign investments and loans to make sure the dollar doesn't plummett down to peso, or worse pre-adjustment lira levels.
If the trend continues, as well as other factors such as how much business companies do in the areas, foreign investments could shift into Euro instead of USD and we won't have the security blanket bailouts if needed.
China's economy will be larger than the US' in the coming years.
Think about that for a moment . . .
(I think ray is already scared)
They're also primarily an exporter. They don't "matter" as much on a global sense because of that. US and EU are both insane heavy importers, especially the US which runs with a massive trade deficit.
It's not likely anyone is going to shift many investments into renminbi, or whatever the heck it is.
Logically speaking, China and India SHOULD have the largest economies, being the only countries with over 1 billion people living there. And China has actually lightened up their market controls. They still have a structured market, but it's much more free than it was 20 years ago.
Isn't that what you said about Japan? Or was it that
the Japs would buy up all the U.S.? I cant remember.
By the way, when are you returning to this no good
country?
Are you channeling ducks here?
The slide of the dollar has consequences. It used to be that during a recession, investors would turn to the dollar as a store of value, since T-bills were a better bet than volatile developing economies. But that has changed. Now investors have plenty of options around the world.
The upshot is that the dollar will sag until we come into trade balance. On the one hand it means that jobs to produce goods could return. On the other hand, it means our standard of living is going to take a substantial hit, because foreign goods will be unaffordable, and a significant portion of our output will be heading overseas.
on that note. us exports are at an all time high
This is true. I find it funny it took so long for someone to challenge what I left out.
Good job.
Still, if the population of those Euro zone members are counted, the population is still larger than the USA. Not as bad as I implied with my intentional misleading facts.
As a percentage of the US economy?
Never said that of the Japs
I'm in NY one week of every month (at a minimum).By the way, when are you returning to this no good
country?
I need two more years and I will qualify for citizenship. I will probably apply for it then and weigh my options of what to do.
I don't recall the reported numbers, but exports are up substantially. I doubt it's an all time high, but it's the highest percentage in a long time. It's due to US goods becoming cheaper on the world market as the dollar drops.
So the EU is controlled by one government?
That will probably not happen for decades. (40-50 years)
See here is the thing about "all time highs".
They are kinda meaningless without context.
US exports at all time highs simply means that they grew by some percentage.
If exports grew at .0001% from the last "all time high" that is a new all time high, and if the economy, in the same period grew 3%, then exports have actually shrank compared to the overall economy.
Yes, some of us do realize that. It is a substantial increase. I just don't remember the numbers, but it is a high percentage wise. The increase fom last year is double digets.
that's not fair. Europe is run by intelligent people
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