Good Morning AG one lump or two?
I meant sugar in your coffee. Did you say coal?
Are we talking about a very luke warm future and we should start storing coal as an alternate energy source?
The international economy will grow even more slowly than previously expected as flagging momentum in the U.S., a fiscal crisis in Europe and tumbling demand in China and India keep the recovery lethargic, according to the International Monetary Fund.
The IMF on Monday lowered its outlook for expansion to 3.5% this year, down from its 3.6% estimate in April, and it isn’t much more optimistic for next year, when it says the global economy will grow 3.9%, weaker than the 4.1% it predicted earlier.
The forecast for 2% growth in the U.S. this year and 2.3% next year were also scaled down from previous estimates. China’s economy is expected to swell a whopping 8% this year and 8.5% in 2013, but both of those forecasts are lower than previous ones. The same is true for for India’s forecasts of 6.1% expansion for 2012 and 6.5% for 2013, both slashed 0.7 percentage points.
Currency difference todays value for your money and future value for money you invest. P&G, the world’s largest consumer products company, had initially been counting on foreign exchange to bolster results this year. Instead, Chief Executive Officer Robert McDonald told investors last month it’s turned into “a strong headwind” that may have cut about $3 billion in revenue and at least $400 million in profit from previous projections. It is not a simple situation as administration US is more costly than India or China would be but both those areas have found there is inflation in certain locations where high growth is being experienced so costs increase and currency exchange did not give the boost that was anticipated.
Here cost have increased in administration and continually do so as laws change and one must comply with all changes in the law. It is a very strange situation as you have decreasing opportunity for many US people yet increasing exchange value of the US dollar in the world market place. Part of the reason for that is the euro problems but the euro other than what exports it buys from the US has nothing to do with lack of value US internal for if there was internal value here people would be clamoring to open new business in this nation. We do have problems but our problems surface and we hope will be corrected. Where in certain nations nothing ever gets corrected net works change
As the face of the developed world changes there is ever in this change a prerequisite of investment which is future value for money. As poverty starts to decrease in certain areas and consumption of goods increase those products must be affordable. World trade means world competitive price and too expensive currency means one must be able to do something the rest of the world can't. Under most circumstances not possible however we here set a president by teaching to the world we must stimulate. There is a huge problem in this stimulate in that when nothing contracts it limits opportune times to invest. When US companies moved portions of self to China they did not do it because they were totally altruistic they did as it was a very cost efficient profit oriented move.
China now stimulates but there is a cost in that of ever inflation,be it benign it is a beast that eventually starts to prey and create poor souls in all nations. |
