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Picklebobble2 · 56-60, M
There was a time when we measured a country's economy by how much it had grown or shrunk during the course of a year.
There seems to have been a great deal of silence on this issue for some years now. From most first-world nations.
That's because we are in a 'Major economic downturn' (in modern parlance) When in 'the old days' we'd call it what it actually is.
A Recession.
Several quarters with 0 or close to 0% growth.
This is good news if you have the ability to buy a car or own a house. But no good if you're an employer looking to increase your business or if you're an employee looking for a raise !
Trump; May; Merkle; Macron and co. seem to have glossed over this fact in an attempt to 'keep their country's together'. Because as you are now seeing in Paris; London and other cities, citizens are starting to let them know the game is up and they want something done about it !
Japan has it too as does Russia.
The Chinese meanwhile are pressing ahead with monetary and business reform. Starting from 0 (since until recently ALL their businesses were State Owned)they are seeing the greatest growth.
Read any business pages and you'll see it's all China at the moment.
Interesting how in the UK there's all this talk about Prince Harry and Meghan temporarily moving to Africa at some point in the near future....Bit of a sh*thole most of it,yet one wonders if there might be something 'business-wise' brewing out there that the Brits. want in-on first !
There seems to have been a great deal of silence on this issue for some years now. From most first-world nations.
That's because we are in a 'Major economic downturn' (in modern parlance) When in 'the old days' we'd call it what it actually is.
A Recession.
Several quarters with 0 or close to 0% growth.
This is good news if you have the ability to buy a car or own a house. But no good if you're an employer looking to increase your business or if you're an employee looking for a raise !
Trump; May; Merkle; Macron and co. seem to have glossed over this fact in an attempt to 'keep their country's together'. Because as you are now seeing in Paris; London and other cities, citizens are starting to let them know the game is up and they want something done about it !
Japan has it too as does Russia.
The Chinese meanwhile are pressing ahead with monetary and business reform. Starting from 0 (since until recently ALL their businesses were State Owned)they are seeing the greatest growth.
Read any business pages and you'll see it's all China at the moment.
Interesting how in the UK there's all this talk about Prince Harry and Meghan temporarily moving to Africa at some point in the near future....Bit of a sh*thole most of it,yet one wonders if there might be something 'business-wise' brewing out there that the Brits. want in-on first !
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Picklebobble2 · 56-60, M
@thunderdogknight7 But it does explain how all through Trump's 'bullshittery' he now knows that Obama wasn't "doing nothing for business' during his presidency.
It's because he COULD do nothing !
Without increasing the national debt.
And what did Trump do ?
Nobody has any economic answers at the moment.
And THAT'S truly sad !
It's because he COULD do nothing !
Without increasing the national debt.
And what did Trump do ?
Nobody has any economic answers at the moment.
And THAT'S truly sad !
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Picklebobble2 · 56-60, M
@thunderdogknight7 ....and if the middle class is becoming poorer, what do you think is happening to the Working class ??? POVERTY !
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