Why are you being so hard on the poster? It's 15 countries against 50 states (equivalent of countries).
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U.S. Economy no longer #1
- Thread starter silvermotion
- Start date
Why are you being so hard on the poster? It's 15 countries against 50 states (equivalent of countries).
Yea landis82 if you're not happy go tell the reuters journalist who wrote the article.
Quote from Jayford:
Um...that is 15 countries COMBINED have finally surpassed the US. No one else will be close for quite some time. They may all use the same currency, but they are different countries with different rates of growth, widely varying deficits, etc..
EU is similar in size to US so it is fair to compare GDPs. EU includes 27 countries and is only 1/2 size of US territory, 27 countries do have more people than US (1.5X). The article actually mentions GDP of only 15 countries, not 27 so the whole EU GDP probably overtook US GDP before the last dollar drop.
Everyone recall how the Gummint and Talking Heads have been telling us, "$USD is too strong", "$USD NEEDS to correct", "a weaker Dollar is GOOD for Americans"....
The correct way to measures one's [or a country's] wealth [or GDP] is:
"asset or output X currency value"
Therefore, as the currency value declines, the "wealth" declines (or the value of output declines).
How again is a weak $USD good for Americans?
The correct way to measures one's [or a country's] wealth [or GDP] is:
"asset or output X currency value"
Therefore, as the currency value declines, the "wealth" declines (or the value of output declines).
How again is a weak $USD good for Americans?
Quote from Jayford:
Um...that is 15 countries COMBINED have finally surpassed the US. No one else will be close for quite some time. They may all use the same currency, but they are different countries with different rates of growth, widely varying deficits, etc..
Exactly what I was thinking. Since when does a group of over a dozen cuntries bump one country from first? Many single American states have a larger economy than many single countries in Europe.
Quote from TraderZones:
Exactly what I was thinking. Since when does a group of over a dozen cuntries bump one country from first? Many single American states have a larger economy than many single countries in Europe.
yeah, it makes more sense to compare US to some small country with no territory or population to speak of. there will always be a country that US is doing better than.
Thats a pretty stupid story. Comparing the entire EU to America.