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

To: Haim R. Branisteanu who wrote (91496)	6/14/2012 9:14:32 AM
From: elmatador	Respond to of 218631

Russia by passed last century science boom as it toyed with a German import called communism. Now catching up. I do not think technology alone shapes the size fo a country GDP. Russia applied science for prestige projects only. Russia threw capital, natural resources and labor at the economy (aka Stalinist economy) until it exhausted the model. Then, had nothing more to propel its economy and it imploded. Having forced its satellites to follow the same model, Eastern Europe is now on catching up phase too. America could apply science for prestige projects and for quality of life improvement. What allowed it to do it was the set of circumstances prevailing post WWII. The very set of circumstances that have vanished and now the US must transforms itself into something else with a high dependence on its natural resources. See oil and shale gas and lowering its dependence on resource rich Canada. China by passed the entire Industrial Revolution and have been catching up for the past 30 years. Importing natural resources in exchange for labor.

To: Haim R. Branisteanu who wrote (91496)	6/14/2012 11:20:34 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 218631

I think the risk of Germany leaving the Europe, and taking other northern Germanic/Scandinavian states with it, is far greater than Spain and Italy leaving. I'm not sure how much more the German people are going to put up with these bailouts. Hawk