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Where economy will collapse first, usa or europe? .
Because both side are in a bad shape.
Usa is 17trillions $ debt and Europe is around 12t euro ( http://www.eudebtclock.org)
Our politicians try to make an open market between Europe& USA and can not even stop their debt....
Debt is simply the money supply. By itself, it is meaningless. The question is how efficiently is the society using the money supply in its economy.
Collapse is an extreme word, but generally speaking I believe that Europe is more at risk of decline mainly because most European countries have been able to offer more robust social security to average workers, but their systems, especially in less competitive southern Europe, are becoming more and more costly to maintain in the face of global competition, so they have further to fall compared to the US.
To be sure, the US has pursued plenty of its own cockamamie social and economic policies over the past decade or so, shooting itself in the foot just as the world has become more competitive.
But, as mentioned, both regions seem to have gotten over the worst of the so-called Great Recession.
Going forward, I expect globalization to bring more mediocrity than excitement, but at least more and more people will have toothpaste, toilet paper, electricity, personal running water and plumbing, refrigeration, neat global communications devices, maybe a car, etc.
What about Japan?
They have more debt then usa or europe, the largest QE yet and they have been dealing with stagnation for over 10 years.
Again, debt is money supply. How do some of you people equate money supply, as one single variable, with something as extreme as collapse? What kind of thinking is that?
Japan still has its own agriculture, tons of manufacturing, and it sells great technologically advanced products both domestically and to the rest of the world.
Actually, as far as statistical economic growth, Japan has stagnated since their real estate bubble popped in the late 1980s and their population started aging, about 20 years in advance of the US and Europe which have finally caught up, so to speak.
But collapse? Really? It would take a lot more than one variable such as abundant money supply.
Chronic inefficient use of resources? Maybe. Failure of an aging population to reproduce with no replacement or replacement with incompetents? Possibly. Invasion by foreign country? Perhaps more likely, but still relatively low probability. Some combination of the above? Well, if all at once, then even more likely.
If the countries of early industrialization collapse, either they would be replaced by some newly industrialized countries or the world would return to the pre-industrial era to some or other degree.
Wouldn't be the first time in history of a regression of sorts.
And if so, so what? Either prepare for death, which is inevitable anyway, or be ready to duke it out on the streets and in the fields in the meantime.
We are not in a recovery, we are in a stagnation before the final collapse.
Wake up, do you really believe what they tell you.
One opinion of millions. You're throwing darts if you think you know where the market is going tomorrow or ten years from now. The only ones who need to wake up are those with the arrogance to think they have a more accurate crystal ball.
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