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Reduced Dominance Is Predicted for U.S. - Analyst Previews Report to Next President

10 points by robg 18y ago

trezor 18y ago
Good thing we have Diebold which knows who the next president will be, even before the actual election. Seriously though: With debt to about every major country in the world, with the values contained in the stock-market and real-estate which backed most of the debt diminishing like smoke signals, and a currency which is no longer the world exclusive currency for dollar-exchange, I hardly find this surprising. The US might have to prove its worth from now on, instead of just chanting "USA! USA! USA!". But you all believe in free market and such, so you should have no problems with that, right? ;)
- malkia 18y ago
  How come no-one came up with parody of Die Hard - called Die Bold! that would be awesome!
biohacker42 18y ago
Even after the loss of its empire, England is still a nice place.
- jwilliams 18y ago
  Italy is pretty nice too.
Alex3917 18y ago
The fact that this story isn't even worth voting up is kind of sad. (And in case you're reading that the wrong way, no, I didn't vote for it either.)
patrickg-zill 18y ago
"Malaise" ... we have been hearing this spiel in one form or another for 30 years now and the US is still a hyperpower. Eventually though, they will be right. Remember that "trees do not grow to the sky" as Baron Rothschild famously said - and there are real limits to growth, limits that China and the other BRIC countries will be facing now, or if not now, then soon.
- DabAsteroid 18y ago
  there are real limits to growth These?: http://www.juliansimon.com/writings/Ultimate_Resource http://www.juliansimon.com/writings/Ultimate_Resource
pragmatic 18y ago
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_ http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal) Much needed perspective: America's GDP is about equal to that of the TOTAL of rest of the 5 top countries in the world. Plus the article is talking about it military dominance. Because no one would dare attack the US directly so our huge military is not as much of an asset. It's like saying Michael Phelps has no where to go but down b/c he one all the medals. It's true but it also means you're the best and brightest RIGHT NOW.
- jwilliams 18y ago
  I guess you're not counting the European Union? Because functionally, it's one economic block. There are other measures other than GDP. US National Debt and the current account balance is getting out of control: http://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance http://en.wikipedia.org/wiki/List_of_countries_by_current_ac... (As an Australian I can't judge, in relative terms we're not doing so well by this measure either). The current market downturn is a case in point. Whilst it's hurting globally, it's not hurting nearly as much as it would have in the past. In modern history a recession in the US would have usually == recession worldwide. As it stands, you can't deny a slowdown in many key areas, but there are still parts of the global economy that are going strong.

10 points by robg 18y ago

Good thing we have Diebold which knows who the next president will be, even before the actual election. Seriously though: With debt to about every major country in the world, with the values contained in the stock-market and real-estate which backed most of the debt diminishing like smoke signals, and a currency which is no longer the world exclusive currency for dollar-exchange, I hardly find this surprising. The US might have to prove its worth from now on, instead of just chanting "USA! USA! USA!". But you all believe in free market and such, so you should have no problems with that, right? ;)

malkia 18y ago
How come no-one came up with parody of Die Hard - called Die Bold! that would be awesome!

biohacker42 18y ago

Even after the loss of its empire, England is still a nice place.

jwilliams 18y ago
Italy is pretty nice too.

Alex3917 18y ago

The fact that this story isn't even worth voting up is kind of sad. (And in case you're reading that the wrong way, no, I didn't vote for it either.)

patrickg-zill 18y ago

"Malaise" ... we have been hearing this spiel in one form or another for 30 years now and the US is still a hyperpower. Eventually though, they will be right. Remember that "trees do not grow to the sky" as Baron Rothschild famously said - and there are real limits to growth, limits that China and the other BRIC countries will be facing now, or if not now, then soon.

DabAsteroid 18y ago
there are real limits to growth These?: http://www.juliansimon.com/writings/Ultimate_Resource http://www.juliansimon.com/writings/Ultimate_Resource

pragmatic 18y ago

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_ http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal) Much needed perspective: America's GDP is about equal to that of the TOTAL of rest of the 5 top countries in the world. Plus the article is talking about it military dominance. Because no one would dare attack the US directly so our huge military is not as much of an asset. It's like saying Michael Phelps has no where to go but down b/c he one all the medals. It's true but it also means you're the best and brightest RIGHT NOW.

jwilliams 18y ago
I guess you're not counting the European Union? Because functionally, it's one economic block. There are other measures other than GDP. US National Debt and the current account balance is getting out of control: http://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance http://en.wikipedia.org/wiki/List_of_countries_by_current_ac... (As an Australian I can't judge, in relative terms we're not doing so well by this measure either). The current market downturn is a case in point. Whilst it's hurting globally, it's not hurting nearly as much as it would have in the past. In modern history a recession in the US would have usually == recession worldwide. As it stands, you can't deny a slowdown in many key areas, but there are still parts of the global economy that are going strong.