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Well, compared to the European countries, U.S. unemployment and national debt level looks like a regular paradise.
????
In Denmark (my home country), the national debt is about $120.000 per person. The U.S. national debt is about $45.000 per person. But Denmark is seen as a relatively stable economy. The U.S. national debt is no worse than other countries, but it has been politicized to the max.
Also, the unemployment rate in the EU is 10%. How is that any better than the U.S.!?
How many people live in the US compared to Denmark?
That makes a significant difference.
Well, compared to the European countries, U.S. unemployment and national debt level looks like a regular paradise.
In Denmark (my home country), the national debt is about $120.000 per person. The U.S. national debt is about $45.000 per person. But Denmark is seen as a relatively stable economy. The U.S. national debt is no worse than other countries, but it has been politicized to the max.
Also, the unemployment rate in the EU is 10%. How is that any better than the U.S.!?
It is under 10% (9.3% in april, EU27) and that is including Greece and Spain. I would say that is pretty close to the 9.1 in the U.S.
The situation in the U.S. is no paradise. Not even close.
The former U.S. Comptroller General, David Walker, expressed concern regarding the national debt years ago.:
How many people live in the US compared to Denmark?
That makes a significant difference.
Well, if you read what I wrote, you would read that it's a PER CAPITA calculation. So it makes no difference how many people live in Denmark.
While debt is always something to think about, the debt in the U.S. has been politicized. Most European countries have far more debt compared to their population sizes than the U.S.
Also, the unemployment was actually 9.9% in april. It includes Greece and Spain, but why wouldn't you? They are part the EU. In the U.S. you don't exclude California just because it looks bad in the numbers.
From Eurostat: "The EU-27 unemployment rate was 9.4% in April 2011...".
It is EU-27. Of course this includes Spain and Greece. The point is that Greece and Spain are extremes, along with the members from Eastern Europe. The E.U. may be dying but many European countries are doing quite well.
From Eurostat: "The EU-27 unemployment rate was 9.4% in April 2011...".
It is EU-27. Of course this includes Spain and Greece. The point is that Greece and Spain are extremes, along with the members from Eastern Europe. The E.U. may be dying but many European countries are doing quite well.
Well, many European countries may be doing well in your dreams, but in reality most of Europe has been stuck in a severe low-growth cycle for decades...cost are too high, exports too low...
Eurostat says 9.9% in April 2011...but who cares, anything above 5% is too high.
06-20-2011, 05:33 PM
Status:
"From 31 to 41 Countries Visited: )"
(set 7 days ago)
4,640 posts, read 13,917,464 times
Reputation: 4052
Quote:
Originally Posted by sim123
The countries that seem to be doing the best economically(compared to how they were before):
Compared to what? Before? What does that mean?
3. South Korea
Probably one of the better economies in Asia, provided their trading partners will keep running.
4. Germany
Germany has serious demographic challenge. Their population has been shrinking for decades. Older populations are a problem for most european countries, much more than the U.S. Germany also has large exposure to the Greece problem.
5. Netherlands
Typical low-growth northern european country.
6. Taiwan
Has been doing pretty good for a number of years. If they can turn that into wealth for the people, they might be worth looking at.
7. Singapore
Has been doing good, but growth is slowing.
8. India
Steady growth, but hundreds of millions live in severe poverty.
9. Switzerland
Low growth, but pretty healthy.
10. Thailand
Where do you get this stuff from?
11. Norway
Has had oil for decades, but supply in dwindling fast. Production is too expensive, so significant export is out of the question.
The countries that seem to be doing the worst economically compared to before and are suffering with that
1. Spain
Agree
2. Greece
Lousy economy
3. Portugal
Stinky economy
4. Italy
Significant trouble here
5. Iceland
Bankrupt, but will probably bounce back
6. Nigeria
...
7. Egypt
Did they ever have an economy?
8. Libya
Insane leader can ruin any economy
9. Venezuela
Well...
10. Burma (However, it was already bad for numbers 6 to 10. I am saying they got even worse).
who knows...?
Countries that are suffering a little bit economically but it is not that bad compared to most other countries. Also, these countries already have such great economies that they can easily bounce back and seem like they are already bouncing back:
1. USA
Sure, having to postpone buying the next iPhone a couple of weeks really constitutes suffering...not really...
2. England/United Kingdom
Has had some problems, but has leveled out. Still low growth...
3. France
One of the healtier economies of Europe. Huge exposure to the Greece problems though.
4. Japan
Low growth, earthquake problems has created suffering, but they'll get growth back slowly.
5. Sweden
Sweden has been doing pretty good, due to good exports. Doing much better than it's Scandinavian neighbor Denmark.
6. Canada
Has had problems, but has come back fairly well with the US as closest trading partner.
Thanks for going through the assessment I made.
It still seems like we agreed with plenty of countries even though we still disagreed with some countries
The ones that we agreed on: South Korea, Switzerland, Netherlands, Taiwan, and Singapore for being some of the best economically
Spain, Greece, Portugal, Italy, Iceland, Libya, Venezuela for doing some of the worst economically.
USA, England/United Kingdom, France, Japan, Sweden, and Canada for their economic state.
So we agreed with a total of 18 countries.
--------------------------------------------------------------------------------------------------------------------------------
The ones that we disagreed the most on: Denmark, Thailand, Nigeria.
So we disagreed with a total of 3 countries.
--------------------------------------------------------------------------------------------------------------------------------
The countries we sort of disagreed with but sort of agreed with at the same time: China, Germany, India, Norway, Egypt.
So there are 5 countries where we agreed and disagreed with at the same time.
-------------------------------------------------------------------------------------------------------------------------------
Overall many more countries that we agreed with than disagree.
Based on the ones we disagreed with, Thailand has steady economic growth. This is also true with Vietnam which is a country I forgot to mention in my original post for doing the best.
Also, I thought Denmark is doing relatively well economically like the way Switzerland, Netherlands, and Germany are doing and some of the best out of all countries economically,especially with what some websites say about Denmark.
I will also respond to this sentence you said:
"What I said:The countries that seem to be doing the best economically(compared to how they were before):
What you said:Compared to what? Before? What does that mean?"
What I meant by that is the countries that seem to be doing the best economically compared to how their economy was a few years, 5 years ago, 10 years, 20 years ago etc. and comparing their economy lately relative to those time periods.
06-20-2011, 05:46 PM
Status:
"From 31 to 41 Countries Visited: )"
(set 7 days ago)
4,640 posts, read 13,917,464 times
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Quote:
Originally Posted by Fiddlehead
Nice breakdown. I will disagree with the notion that the US, Japan, and UK will bounce back quickly. Not sure about France either. Sweden? Probably. But in the first three a number of chickens are coming home to roost, foremost demographics (a bunch of duffers who undertaxed themselves, but will continue to vote in benefits for themselves at the expense of the younger folks). I see a continued decline in relative standards of living across the board for the next 20-30 years.
Thanks! I am glad some people think my post was a nice breakdown for mentioning the economic state of certain countries.
Well, the USA, Japan, and UK already had such great economies that even though their economies are suffering now it is still better than most countries. Plus, they have the potential to easily bounce back and are doing that already or at least going to do that soon. If this is true for Sweden, then this is definitely true for the USA. Japan, and UK.
Well, many European countries may be doing well in your dreams, but in reality most of Europe has been stuck in a severe low-growth cycle for decades...cost are too high, exports too low...
Eurostat says 9.9% in April 2011...but who cares, anything above 5% is too high.
So now you do not care? .
Well, your new utopia, the U.S., is only doing well in your dreams.
Germany is now a larger exporter than the U.S. I must say that is quite embarrassing for the superpower.
Well, your new utopia, the U.S., is only doing well in your dreams.
Germany is now a larger exporter than the U.S. I must say that is quite embarrassing for the superpower.
No way dude. Exports, smexports. Sounds about as wimpish as global warming...In the US, we did away with pesky things like facts decades ago. Rush Limbaugh says we are the best, and RUSH IS RIGHT!
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