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I think if everyone keeps predicting a mediocre economy, that eventually it will become a self-fulfilling prophecy. That is one thing I hate about the "America is weak and pathetic" politicians. People believe that nonsense and give up.
Anyway, I have no idea what will happen. Hope for the best but be prepared for the worst, I guess.
I think if everyone keeps predicting a mediocre economy, that eventually it will become a self-fulfilling prophecy. That is one thing I hate about the "America is weak and pathetic" politicians. People believe that nonsense and give up.
Anyway, I have no idea what will happen. Hope for the best but be prepared for the worst, I guess.
The Economist magazine has 2016 at 2% and 2017 at 2.2%. That projection is from polling a fairly large pool of economists. 2015 was 2.4%. It doesn't mean some major global problem couldn't happen to blow those numbers out of the water but nobody but the lunatic fringe thinks we're going to plunge into a huge depression.
The people predicting are largely media types who get paid to come up with predictions, or they are academics who are expected to predict, whether they really want to or not. How often do people go back and check whether so and so was right? Never.
A friend told me long ago to only worry about what I can control. The economy is way out of my control so I don't get too concerned with what others are saying.
World GDP 78 Trillion.
United States GDP 17.4 trillion.
22% of the world's economy
World population 7.3 billion.
United States population 319 million.
4% of the world's population.
Two measures of health are widely used in economic history: life expectancy at birth (or average length of life) and average height, which measures nutritional conditions during the growing years.
In 1850 the life expectancy of an American was 38.3 years.
In 1998, the life expectancy of an American was 76.7 years.
The average height of an American man is up more than 2 inches during that time frame.
In "We are poor", it depends on who "we" is, right? He could be completely correct if he's talking about the group with no 21st century job skills and minimal work ethic. That's the express ticket to poverty.
seems good either way... stocks boom and my portfolio grows, or stocks crash and i keep buying and wait for market to recover and my portfolio grows...
not even 30 yet, i see no reason to be so down on life... thats would be 60 years to be miserable if so...
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