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

To: elmatador who wrote (70325)	1/17/2011 7:55:40 AM
From: THE ANT	Read Replies (2) \| Respond to of 219745

Much of my life,even when things in Brazil were one tenth the US,I told people that one day just like in 1972 things would be more expensive in Brazil than the US.Now is the time to by real estate in South Florida.Open water homes in the Keys less than Brazil and in some ways nicer.You should not go to NYC and not drop down to visit

To: elmatador who wrote (70325)	1/17/2011 9:43:13 AM
From: Cogito Ergo Sum	Respond to of 219745

Canada low level of indebtedness ? We passed US at consumer level.. Finance minister tightening home lending policies again... The world always seems to ignore our provincial debt... one day it won't... like a switch :O) Also.... China news... From: russet 1/17/2011 12:08:56 AM of 1488 China Overtakes U.S. as Biggest Economy When Measured by Purchasing Power By Bloomberg News - Jan 13, 2011 11:33 PM ET bloomberg.com China overtook the U.S. last year as the world’s biggest economy when measured in terms of purchasing power, according to Arvind Subramanian, senior fellow at the Peterson Institute for International Economics in Washington. The size of China’s economy in 2010 was $14.8 trillion, compared with the U.S.’s $14.6 trillion, when accounting for the countries’ differing costs of living, Subramanian wrote in a note published yesterday, a week before President Hu Jintao visits Washington. So-called purchasing power parity calculates gross domestic product using exchange rates that adjusts for price differences of the same goods between nations. Growth in the world’s most populous nation has averaged 10.3 percent a year over the past decade, nearly six times faster than the U.S. China was the biggest auto market for the second year running, created the world’s fastest supercomputer and was ranked the biggest user of energy in 2010. A poll of Americans ahead of a summit of Hu and President Barack Obama next week, found some 47 percent said China is the leading economic power with 31 percent naming the U.S., according to the Washington-based Pew Research Center for the People and the Press. A February 2008 Pew Poll found 41 percent of Americans considered the U.S. the top economic power, with 30 percent naming China. Prior Estimates Subramanian said his calculations are based on new estimates of GDP that will soon be published by the Penn World Tables, which correct biases in previous estimates by the International Comparison of Prices project and the World Bank that underestimated China’s purchasing power. Adjustments have also been made to take account of a different estimate for appreciation in China’s currency compared with that made by the International Monetary Fund, Subramanian said. China’s GDP per capita, which reflects the average standard of living, would increase to $11,047 from the $7,518 estimated by the IMF in its World Economic Outlook, according to Subramanian’s calculations. That would still leave the U.S.’s GDP per capita 4.3 times higher than China’s, he said. In nominal terms, China’s output in 2009 was 34 trillion yuan, or $5 trillion, at average exchange rates that year, trailing the U.S.’s $12.9 trillion.