Why Do People Feel the Economy Is Bad?

There are some US economists who believe that people should feel good about the US economy because of the following statistics. They are disconnected or are willfully ignoring what people are experiencing. In 2019 and 2020, 18% of those earning over $100,000 were living paycheck to paycheck. In October, 2023, according to CNBC, while three-quarters …

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Here is What Peter Zeihan Got Wrong on the Joe Rogan Show

Peter Zeihan was interviewed by Joe Rogan where Zeihan again predicted the collapse of China. This time Zeihan says it will happen within ten years. Zeihan has been predicting China’s meltdown since 2005. He repeats the call for China meltdown and possible breakup or breakdown multiple times. In 2010, he said it would happen within …

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China Three Child Policy and Other Pro-Child Policies

China is legally allowing three child families to slow the plunge in births. there are also other pro-child policies. The Standing Committee of the National People’s Congress canceled the leveling of fines for breaking the earlier child restrictions and called for additional parental leave and childcare resources. New measures in finance, taxation, schooling, housing and …

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India Has 5.0% GDP Growth Forecast for 2020 as Part of Asia-wide Slowdown

State Bank of India, the country’s largest lender, has predicted that India’s Gross Domestic Product (GDP) growth will drop to a record low of 4.2 percent in the second quarter amid low automobile sales, deceleration in air traffic movements, flattening of core sector growth and declining investment in construction and infrastructure. India GDP growth has …

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Germany and UK Will Be in Recession if Third Quarter GDP Growth is Negative

Germany might have a recession in 2019. Commerzbank Chief Economist Joerg Kraemer and Kiel Institute economist Jens Boysen-Hogrefe agreed that while there is more pain to come for Germany’s manufacturing sector, the nation’s current construction boom would inhibit any government stimulus program. Germany’s second-quarter German GDP was negative and the third quarter we might see …

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USA number one in economic competitiveness for the first time in ten years

The United States is the top ranking country in the World Economic Forum 2018 competitiveness rankings. The USA has not been number one in competitiveness since 2008. At the heart of the competitiveness agenda is the recognition that economic growth is a core driver of human development. There is overwhelming evidence that growth has been …

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Largest consumer markets

Here is a list of the largest consumer markets in 2017. Overall world consumer spending is at about $44 trillion. Country HFCE (millions of USD, nominal) % of GDP Year United States 12,820,694 69% 2016 European Union 9,613,986 56% 2017 China 4,697,723 38% 2017 Japan 2,756,598 56% 2016 Germany 1,952,625 53% 2017 United Kingdom 1,724,051 …

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