On Fri, 17 Jul 2009 11:15:01 -0600, Canuck57 wrote:


China owns the US....

I may not be happy with the exodus of jobs from here to there, but make
no mistake, China needs us, far more than we need them. China may become
the economic powerhouse, but before it does, it will have to address it's
institutional social issues. Or, do you really believe it's "blend" of
communism and capitalism will work in the long term?


Wait until this years mortgage crisis hits the news. The downturn has a
ways to go yet.

LOL, you should stop concentrating on the lagging indicators, and start
concentrating on the leading indicators. We are by no means out of the
woods, but the recovery started several months ago. By fall, it should
be clear to even the most obtuse.

thunder wrote:
On Fri, 17 Jul 2009 11:15:01 -0600, Canuck57 wrote:


China owns the US....

I may not be happy with the exodus of jobs from here to there, but make
no mistake, China needs us, far more than we need them. China may become
the economic powerhouse, but before it does, it will have to address it's
institutional social issues. Or, do you really believe it's "blend" of
communism and capitalism will work in the long term?


Wait until this years mortgage crisis hits the news. The downturn has a
ways to go yet.

LOL, you should stop concentrating on the lagging indicators, and start
concentrating on the leading indicators. We are by no means out of the
woods, but the recovery started several months ago. By fall, it should
be clear to even the most obtuse.


Canuck is one of the many conservatives hoping for failure. This
newsgroup is full of them. It's their only hope for election success in
the future.

H the K wrote:
thunder wrote:
On Fri, 17 Jul 2009 11:15:01 -0600, Canuck57 wrote:


China owns the US....

I may not be happy with the exodus of jobs from here to there, but
make no mistake, China needs us, far more than we need them. China
may become the economic powerhouse, but before it does, it will have
to address it's institutional social issues. Or, do you really
believe it's "blend" of communism and capitalism will work in the long
term?


Wait until this years mortgage crisis hits the news. The downturn has a
ways to go yet.

LOL, you should stop concentrating on the lagging indicators, and
start concentrating on the leading indicators. We are by no means out
of the woods, but the recovery started several months ago. By fall,
it should be clear to even the most obtuse.


Canuck is one of the many conservatives hoping for failure. This
newsgroup is full of them. It's their only hope for election success in
the future.

The conservative vote will count in the next elections because they will
vote, but what will make the difference is those who were enthusiastic
obama supporters will not bother to vote for their local congressman.

Keith Nuttle wrote:
H the K wrote:
thunder wrote:
On Fri, 17 Jul 2009 11:15:01 -0600, Canuck57 wrote:


China owns the US....

I may not be happy with the exodus of jobs from here to there, but
make no mistake, China needs us, far more than we need them. China
may become the economic powerhouse, but before it does, it will have
to address it's institutional social issues. Or, do you really
believe it's "blend" of communism and capitalism will work in the
long term?


Wait until this years mortgage crisis hits the news. The downturn
has a
ways to go yet.

LOL, you should stop concentrating on the lagging indicators, and
start concentrating on the leading indicators. We are by no means
out of the woods, but the recovery started several months ago. By
fall, it should be clear to even the most obtuse.


Canuck is one of the many conservatives hoping for failure. This
newsgroup is full of them. It's their only hope for election success
in the future.

The conservative vote will count in the next elections because they will
vote, but what will make the difference is those who were enthusiastic
obama supporters will not bother to vote for their local congressman.


Yeah, right, the majority of Americans will want to return to the
glorious years of Republican failure. Sure.

On Sat, 18 Jul 2009 17:27:24 -0500, thunder
wrote:

On Fri, 17 Jul 2009 11:15:01 -0600, Canuck57 wrote:


China owns the US....

I may not be happy with the exodus of jobs from here to there, but make
no mistake, China needs us, far more than we need them. China may become
the economic powerhouse, but before it does, it will have to address it's
institutional social issues. Or, do you really believe it's "blend" of
communism and capitalism will work in the long term?

Wait until this years mortgage crisis hits the news. The downturn has a
ways to go yet.

LOL, you should stop concentrating on the lagging indicators, and start
concentrating on the leading indicators. We are by no means out of the
woods, but the recovery started several months ago. By fall, it should
be clear to even the most obtuse.

Think I'll save these crystal ball predictions and we can look at them
again in November.
Although he's a dittybag, I'm putting my bet on Cannuck.
But I hope I lose.
My view is we can only go downhill without factory jobs which produce
the goods we use, and that the only thing that kept the economy alive
for the last dozen or so years was debt and the real estate and equity
bubbles. But it wouldn't be the first time I was wrong.
Here's an interesting chart
http://en.wikipedia.org/wiki/List_of...or_composition
Problem is I don't trust it, even if it means a damn thing.
Leads one to believe these are Jan, 2008 figures.
Looking for historical figures, I found this,
http://www.bookrags.com/wiki/List_of...or_composition
which leads one to believe they are 2005 figures.
Same numbers.
Geez, you mean I can't even trust the internets?
I give up.

--Vic

On Sat, 18 Jul 2009 19:55:49 -0500, Vic Smith wrote:


My view is we can only go downhill without factory jobs which produce
the goods we use, and that the only thing that kept the economy alive
for the last dozen or so years was debt and the real estate and equity
bubbles. But it wouldn't be the first time I was wrong. Here's an
interesting chart
http://en.wikipedia.org/wiki/List_of...or_composition
Problem is I don't trust it, even if it means a damn thing. Leads one to
believe these are Jan, 2008 figures. Looking for historical figures, I
found this,
http://www.bookrags.com/wiki/List_of...or_composition
which leads one to believe they are 2005 figures. Same numbers.
Geez, you mean I can't even trust the internets? I give up.

Interesting charts, but you'll note, if you pull China out of the top ten
world economies, the rest have close to the same sector breakdown. I'll
admit we are a little low in the industrial sector, by world standards, a
lot low, by my standards. I agree with you that industrial jobs are what
made this country great, and I have to admit I've never been able to get
my head around the benefits of this "service economy".

From an economic standpoint, however, our balance of trade deficits are
far more damaging, long term, in my mind. Still, with all our problems,
this country is incredibly resilient, and we are heading into a
recovery. The leading indicators I was referring to, can be found he


http://www.businesscycle.com/

http://www.conference-board.org/econ...se_output.cfm?
cid=1

On Sat, 18 Jul 2009 21:02:26 -0500, thunder
wrote:


From an economic standpoint, however, our balance of trade deficits are
far more damaging, long term, in my mind.

Well, losing industrial capacity has caused half the trade deficit,
the other half being energy. That's a simplification of course.

Still, with all our problems,
this country is incredibly resilient, and we are heading into a
recovery. The leading indicators I was referring to, can be found he

Hope you're right. I have a somewhat jaundiced view on using the past
as a barometer for the future, but do think it will work out well,
just different. The past economy is gone.

http://www.businesscycle.com/

http://www.conference-board.org/econ...se_output.cfm?
cid=1

Whatever you prefer to look at. I don't forget that these same
prognosticators failed miserably in all the predictions they made just
1 short year ago.
I really like this C-Organizer Pro thing I have.
I just pasted this thread title into an appointment with a few clicks,
and on November 1st it will pop up.
We'll see then.

--Vic

On Sat, 18 Jul 2009 21:40:07 -0500, Vic Smith wrote:


I really like this C-Organizer Pro thing I have. I just pasted this
thread title into an appointment with a few clicks, and on November 1st
it will pop up.
We'll see then.

Uh, oh, you mean I'm going to be held responsible for something I said on
usenet? :-)

On Sat, 18 Jul 2009 22:01:54 -0500, thunder
wrote:

On Sat, 18 Jul 2009 21:40:07 -0500, Vic Smith wrote:


I really like this C-Organizer Pro thing I have. I just pasted this
thread title into an appointment with a few clicks, and on November 1st
it will pop up.
We'll see then.

Uh, oh, you mean I'm going to be held responsible for something I said on
usenet? :-)

Accountability, my friend. My middle name. (-:

--Vic

thunder wrote:
On Fri, 17 Jul 2009 11:15:01 -0600, Canuck57 wrote:


China owns the US....

I may not be happy with the exodus of jobs from here to there, but make
no mistake, China needs us, far more than we need them. China may become
the economic powerhouse, but before it does, it will have to address it's
institutional social issues. Or, do you really believe it's "blend" of
communism and capitalism will work in the long term?

China's need for US is becoming less and less each month. China is
developing and opening up markets for their products in Africa, Central
and South America and the rest of the World. The US market is going to
be left behind very soon. We do not produce anything but services which
the Chinese are more than capable of doing themselves. The US economy is
losing its buying power.

Wait until this years mortgage crisis hits the news. The downturn has a
ways to go yet.

LOL, you should stop concentrating on the lagging indicators, and start
concentrating on the leading indicators. We are by no means out of the
woods, but the recovery started several months ago. By fall, it should
be clear to even the most obtuse.

The only thing the US had was unrestricted innovation but, that is being
squashed. When investment in new ideas and innovation is being taxed at
ridiculous levels the ability to bring those ideas and innovations to
market in the US goes away.