Posted on 11/18/2014 4:09:53 AM PST by John W
LONDON – The global economy's problems seem to be multiplying.
Hours after the leaders of the world's 20 most developed economies sought to boost confidence by promising to increase global output by $2 trillion over five years, Japan said it had fallen into recession.
That leaves the country – the world's third-largest economy – on a long and growing list of troubled economies. China is slowing as well, and Europe can't seem to take off.
Among major economies, only the United States and Britain are growing at decent rates, and how long that lasts depends on how much trouble their trading partners are in.
British Prime Minister David Cameron warned in an opinion piece in the Guardian newspaper on Monday that the “red warning lights are flashing” for the world economy.
(Excerpt) Read more at journalgazette.net ...
If my economy has $2 and I print another dollar, did I really grow?
Sell, sell, sell….
Japan just got the answer.
“Among major economies, only the United States and Britain are growing at decent rates...”
What a pile of $hit. The Federal Reserve is printing and lending to Uncle Sam, in excess of one trillion a year. Obama and his minions think that government spending will make the economy come magically roaring back. The truth is that business cycles do not function under socialist rule. The economy, and private sector will never grow until Obama is thrown out of office. Then the real suffering starts, when the American taxpayer has to pay all that money back.
Just in time to blame it all on a republican congress.
The lions share of US growth is thanks to the Fracking industry (oil AND gas). What has Obama tried to stop while taking credit? What has Europe said they won’t do?
Drill baby drill~~~~~
for later read
“only the United States and Britain are growing”
HA! only thing growing here and there is numbers of illegals and izlam!
Mike
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