Boom Times Are Back, Outside the U.S.

Newsweek via Real Clear Markets ^ | June 1, 2009 | Fareed Zakaria

[SeekAndFind]

It is becoming increasingly clear that the story of the global economy is a tale of two worlds. In one, there is only gloom and doom, and in the other there is light and hope. In the traditional bastions of wealth and power

[sickoflibs]

The Peter Schiff/Redistribution Watch Ping. (Washington Bankrupting our Nation by Spending your past, present and future money!)

Only a few months ago we were told China would HAVE to loan us endless amounts of money to buy more of their products, but reality is the federal reserve is doing that by creating it. Peter Schiff and Jim Rogers predicted this and it's not just one political party causing the problem.

[ground_fog]

Still time to position yourself. I’m moving 90% of my assets out of U.S. Dollar based assets. This inflation is going to hit harder than the last crisis. The only question is, will it happen before the next election. THe recovery coming will be fake and short-lived. Obama cares about one thing, the elections not Americans.

Americans are dumber now when it comes to economics than any time in history.

[prismsinc]

Yeah, we here in the States better get used to Won Ton soup and General Tso’s chicken as our meals of choice

[sickoflibs]

RE :”Obama cares about one thing, the elections not Americans.Americans are dumber now when it comes to economics than any time in history.”

It seems like Americans really believe Washington can fix everything with government debt/money creation and the MSM promotes this to them. I suspect when inflation hits you will see a revival of the demonization of successful investors like oil company investors the past few years.

I would just add that BOTH political parties just care about elections, just because republicans have become election losers, or are opposing their opposition democrats, hardly makes them principled.

[newheart]

With all these burdens, even if there is a recovery, the United States might not return to fast-paced growth for a while.

But isn't that the point really? The left has long argued (stupidly) that the West has to decline for the rest of the world to catch up. Now they have accomplished the first half of that. In the long run it won't work and there is a real chance that the whole world will tank into the worst depression in history.

[Clemenza]

Never in my life would I think I would see the day where the Brazilians were more militant in attempting to control their deficits than the United States, and that is with a left-wing government in power no less. Credit-Card Nation indeed...

[Wolfie]

Hmmm, I wonder what those places doing well have in common. Oh yeah, a manufacturing base.

[Clemenza]

F--- "the West." The Euro-phile leftists have actually wanted a western European Socialist Republic for some time, and they are about to get it. What they fail to keep in mind is that there are, dare I say, key demographic differences between our nation and say, Sweden. Even said country, however, has liberalized their economy.

The rising nations of east and south Asia are rushing ahead to open their markets and grow their economies, while the limp-d-cks in Europe (and increasingly in America) seek to promote "fairness" and "social justice." I really hope at this point that the rising powers turn Europe into a glorified antique shop. My only fear is that we here in the United States will realize the Left's dream of turning us into an extension of continental Europe, while in reality turning us into Venezuela. Obama is merely Hugo Chavez with an education and less comedic timing. Por Que No Te Callas, Sr. Presidente?

[SeekAndFind]

I’m moving 90% of my assets out of U.S. Dollar based assets.

But what currency to move it to ? Europe and Japan for instance are also spending like crazy just like we are.

[lakertaker]

GOP/DEM....about a dimes worth of difference

[GOPJ]

Hmmm, I wonder what those places doing well have in common. Oh yeah, a manufacturing base.

That would be the manufacturing base our unions drove from this country. And yeah - I know Hondas are made here - but the company owners - the people who get the profit from Honda - DON'T live here...

[ex-Texan]

GM is Doing Just Fine Today . . . LOL, LOL !

Do you remember when GM's corporate officers showed up to testify before Congress? They sat there fat, dumb and happy. Drunk on power. Flown by corporate jet, stuffed with perks and free booze after getting expertly fluffed by exotic hostesses. After dropping off envelopes filled with cash to guarantee 'Golden Parachutes' and millions in bonuses. Crooks and criminals run America.

Isn't that a pretty picture: Crooks testifying before Congressional gangsters.

[newheart]

Obama is merely Hugo Chavez with an education and less comedic timing.

Now that's a good line.

And he can't shut up. Talking is is all he does.

[Clemenza]

Uh, what about the DIRECT INVESTMENT that Honda brings into the US? What about the salaries paid in the US? What about the dollars spent to US suppliers?

More nonsense from folks who think that the flow of capital is a zero-sum game.

[Vigilanteman]

One can make a reasonable argument that the rulers of Red China and Brazil are more capitalist than the current rulers of America. Both drill for their own oil. Both respect the efficiencies of private enterprise as evidenced by their trends to privatize inefficient state-owned businesses.

Neither, of course, is pure capitalist. They would best be described as national socialist. But at least they look out for their own national interests.

The same cannot be said about ObaMao's America, which has just nationalized two of the three auto makers and is moving as quickly as possible to nationalize banking and health care.

And roughly two-thirds of our sheeple are still too dumb to figure it out and buying the "Bush's fault" shtick.

[sickoflibs]

I remember GWB bailing out GM with TARP funds, one last act of socialism before leaving office, making the Obama takeover possible and and giving Obama someone else to blame. You cant go after Obama on socialism without repudiating Bush

[IbJensen]

Agreed. Bush was a tremendous disappointment.

As usual we could have Poison or Poison Lite.

[IbJensen]

That would be the manufacturing base our unions drove from this country.

The goobermint was in on the massacre as well with their hundreds of bureaus and bureaucrats running the EPA, HEW, and dozens of organizations useless to our economy, but useful to the leftists that are now running and ruining the nation.

[AndyJackson]

folks who think that the flow of capital is a zero-sum game.

It is. "Compound interest is the 8th wonder of the world." Lord Rothschild. The guy who collects the profits is in the drivers seat. If outside investors buy up 3% per year of your GDP after 10 years they own (1.03)^10-1 of your country. It is inisidious. Countries that do well provide their own capital for growth by saving out of their own production stream.