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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (48449)4/11/2009 4:19:43 AM
From: Haim R. Branisteanu  Read Replies (4) | Respond to of 217830
 
neither - things are different this time

1. The dust bowl is not around the corner even that China and Australia have severe draught

2. There will be no strong recovery in the US as a result of WWII

3. Industrial output will stay low and not rebound as in the graph

4. The US economy will decrease in its importance in the world markets

As such a Japan type deep recession is more likely



To: Elroy Jetson who wrote (48449)4/11/2009 5:03:19 AM
From: elmatador  Respond to of 217830
 
World 1930? US GDP $91.2 billion equivalent to about $790.7 billion in year 2000 dollars.*
Let's put this in the proper scale. A tiny bunch of countries had a Depression. Today the Brazilin Slums of Rio and São Paulo has this GDP of the US in 1930.

We can port that scale to today.

* Data is from the Bureau of Economic Analysis (BEA) United States Department of Commerce (http://www.bea.gov) and from Measuring worth.com (http://www.measuringworth.com/usgdp/).


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