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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (120663)	9/14/2012 7:41:57 AM
From: RetiredNow	Read Replies (2) \| Respond to of 149317

China is a work in progress and I don't know much about India. China btw is imploding as we speak. Are you pointing to China as a success story? Wow. You must not read much. Look. I can increase my household's GDP today. All I need to do is go out and buy a Porsche with some of my savings and I'll almost double my annual GDP (yes, I live frugally). But does spending twice as much in a year make me wealthier or more economically sound? No. Spending is a terrible measure of economic health. Savings and investment are better measures. Unemployment, Labor Participation Rate, ISM, Input Prices, PPI, Money Supply, Inflation, Commodity Prices, etc etc. Look at the broad sweep of indicators. These are all in very ugly shape. Hell, even GDP, which is a lagging indicator is only growing at 1.7% before adjustments that will most assuredly bring it down. There is nothing healthy about this economy and multiple rounds of QE haven't done anything but make things worse. And you think QE3 will magically change the world? You're delusional.