ubuntu Posted December 12, 2012 Share Posted December 12, 2012 The table below shows the death spiral the UK is facing along with USA and Japan, all three involved in massive QE in a race to the bottom. Interesting blog article: http://acrossthestreetnet.wordpress.com/2012/11/28/the-cost-of-kidding-yourself Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted December 12, 2012 Share Posted December 12, 2012 How is 1.2% in 2001 vs 1.2 in 2011 (Netherlands) a decline of 4.2%? Quote Link to comment Share on other sites More sharing options...
ubuntu Posted December 12, 2012 Author Share Posted December 12, 2012 How is 1.2% in 2001 vs 1.2 in 2011 (Netherlands) a decline of 4.2%? A rounding error! Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted December 12, 2012 Share Posted December 12, 2012 A rounding error! Or Numberwang? Quote Link to comment Share on other sites More sharing options...
Dorkins Posted December 12, 2012 Share Posted December 12, 2012 Poor countries getting richer is a good thing. Eventually living standards will more or less equalise across the world as the same technologies are implemented everywhere. Quote Link to comment Share on other sites More sharing options...
RDW Posted December 12, 2012 Share Posted December 12, 2012 How is 1.2% in 2001 vs 1.2 in 2011 (Netherlands) a decline of 4.2%? Rounding Quote Link to comment Share on other sites More sharing options...
stormymonday_2011 Posted December 12, 2012 Share Posted December 12, 2012 (edited) The table below shows the death spiral the UK is facing along with USA and Japan, all three involved in massive QE in a race to the bottom. Interesting blog article: http://acrossthestreetnet.wordpress.com/2012/11/28/the-cost-of-kidding-yourself From that chart Spain appears to be increasing their share of World GDP faster than Canada. Someone ought to give that good news to the unemployed of Andalusia Edited December 12, 2012 by stormymonday_2011 Quote Link to comment Share on other sites More sharing options...
richc Posted December 12, 2012 Share Posted December 12, 2012 Poor countries getting richer is a good thing. Eventually living standards will more or less equalise across the world as the same technologies are implemented everywhere. You're assuming that poorer countries have similar levels of equality to richer countries, which is definitely not the case. The rich in developing countries are joining the super-rich in the developed world, leaving everyone else worse off, and it seems doubtful that China, India and others have the cultural/political mechanisms to deal effectively with rising levels of inequality. Globalization has just allowed the global super rich to do an end run around democratic institutions set up to ensure a fair playing field. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted December 12, 2012 Share Posted December 12, 2012 How long before the UK drops off the table entirely? Quote Link to comment Share on other sites More sharing options...
Dorkins Posted December 12, 2012 Share Posted December 12, 2012 The rich in developing countries are joining the super-rich in the developed world, leaving everyone else worse off, and it seems doubtful that China, India and others have the cultural/political mechanisms to deal effectively with rising levels of inequality. Sorry, but I don't believe that the Chinese super-rich are capturing all of the economic growth that is happening there. Quote Link to comment Share on other sites More sharing options...
okaycuckoo Posted December 12, 2012 Share Posted December 12, 2012 Poor countries getting richer is a good thing. Eventually living standards will more or less equalise across the world as the same technologies are implemented everywhere. Who's getting richer? And at what level do we equalise? Important questions, but they can't be answered if we talk about countries and standards. It's about people. Quote Link to comment Share on other sites More sharing options...
frederico Posted December 12, 2012 Share Posted December 12, 2012 I wonder how much of that is financial services. Quote Link to comment Share on other sites More sharing options...
Tankus Posted December 12, 2012 Share Posted December 12, 2012 would have been interesting to see the 2007 percentage too Quote Link to comment Share on other sites More sharing options...
@contradevian Posted December 12, 2012 Share Posted December 12, 2012 (edited) Thank goodness for every rising house prices or we would be really screwed. Phew! Edited December 12, 2012 by Secure Tenant Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted December 12, 2012 Share Posted December 12, 2012 From that chart Spain appears to be increasing their share of World GDP faster than Canada. Someone ought to give that good news to the unemployed of Andalusia Same would be true of Ireland and Greece. They were pretty poor back in 2001. Admittedly most the growth is phoney growth that hasnt done much for the average person. But hey, when people,economists, the media, politicians only care about headline GDP figures, who cares? Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted December 12, 2012 Share Posted December 12, 2012 Intriguingly though, stagnant population Italy and German seem to have done better than high inward migration US and UK. Quote Link to comment Share on other sites More sharing options...
winkie Posted December 13, 2012 Share Posted December 13, 2012 Some countries have more room for improvement.....when growth reaches a certain level it has to level out there is no other place for it to go. Quote Link to comment Share on other sites More sharing options...
gimble Posted December 13, 2012 Share Posted December 13, 2012 The table below shows the death spiral the UK is facing along with USA and Japan, all three involved in massive QE in a race to the bottom. Interesting blog article: http://acrossthestreetnet.wordpress.com/2012/11/28/the-cost-of-kidding-yourself There's something wrong with these numbers. There's no way that UK GDP has fallen 20% compared to France in the last 10 years. France has done more or less as badly as we have, in fact before 2007 the UK was doing better than France. Also Australia has done well but it certainly has not doubled its GDP since 2001 (it's share of global GDP is up 65.5%, global GDP iteself will be up about 40% in those ten years so it's suggesting something close to 100% increase?). Quote Link to comment Share on other sites More sharing options...
Henrik Posted December 13, 2012 Share Posted December 13, 2012 There's something wrong with these numbers. There's no way that UK GDP has fallen 20% compared to France in the last 10 years. France has done more or less as badly as we have, in fact before 2007 the UK was doing better than France. Also Australia has done well but it certainly has not doubled its GDP since 2001 (it's share of global GDP is up 65.5%, global GDP iteself will be up about 40% in those ten years so it's suggesting something close to 100% increase?). Maybe the absolute GDP figures are measured in USD? That would probably create some weird data as the dollar has probably fallen significantly in value against e.g the AUD since 2001, thus inflating Australia's GDP figure when measured in USD. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted December 13, 2012 Share Posted December 13, 2012 How is 1.2% in 2001 vs 1.2 in 2011 (Netherlands) a decline of 4.2%? Quite easily. 1.25 to 1.16 is 7.2% Quote Link to comment Share on other sites More sharing options...
tomandlu Posted December 13, 2012 Share Posted December 13, 2012 Is this telling us anything useful? GDP is a poor indicator at the best of times, and a world % cannot tell us whether standards overall have gone up or down. Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted December 13, 2012 Share Posted December 13, 2012 Quite easily. 1.25 to 1.16 is 7.2% In which case, why show the Netherlands at one decimal place and Korea at two decimal places? Unless of course, you were trying to "paint a picture" with the data... Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted December 13, 2012 Share Posted December 13, 2012 Also amazing how the yanks performed worse than us. Its quite an achievement to mismanage an economy so blessed in resources as the US so badly. Well done to Bush and Obama. Quote Link to comment Share on other sites More sharing options...
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