Top finance officials: World economy still faces threats

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  • GaryO Virginia Beach, VA
    April 16, 2016 5:58 p.m.

    "Much of the market nervousness has focused on China, the world's second largest economy."

    The world's second largest economy? " That is debatable.

    In terms of nominal GDP, the U.S. is still number one and China is number two. But in terms of GDP based on PPP, China is number on and the U.S. is number two. " In these terms, China’s GDP is $17.63 trillion and the U.S. GDP is $17.41 trillion. " - Investopedia

    You know . . . If we can keep the cost of energy down, the world economy will BOOM.
    We should do everything possible to create clean energy sources, and thereby lower the price of energy through high supply.

    Hey RBB -

    " . . . government is at a loss for what it can do to keep the economy looking good while it consumes trillions of dollars every year. "

    WRONG

    The more government spends, the stronger the economy is.

    In fact, government spending is a component of GDP.

  • RBB Sandy, UT
    April 16, 2016 8:16 a.m.

    We have an economy which is based on smoke and mirrors. For years the Fed has dumped trillions of dollars into the economy. That cannot be maintained, so government is at a loss for what it can do to keep the economy looking good while it consumes trillions of dollars every year. The government has now consumed more than an entire year of all of our labors beyond what it has taken in, and that does not address individual debt. If you count all debt, government, business and personal, we owe more than $60,000,000,000,000.

    That is like each person in the U.S. owing nearly $200,000. We have to wake up and stop the nonsense. We cannot borrow our way to prosperity.