pull down to refresh

17 sats \ 3 replies \ @Undisciplined 29 Apr \ on: Where the West Still Wins (Financial Times, Janan Ganesh) econ
The decline of the west seems to mostly be a decline of Europe, which is obviously a huge part of "the West". When it comes to America though, it sure seems like we're going strong as the wealthiest place on Earth and the gap is growing, if anything.
write
preview
41 sats \ 2 replies \ @denlillaapan OP 29 Apr
rah-rah, 'Murica!
reply
0 sats \ 1 reply \ @Undisciplined 29 Apr
It could certainly be a lot better than it is, but everyone else seems to be worse off.
reply
0 sats \ 0 replies \ @Solomonsatoshi 30 Apr
$37Trillion debt. 6 decades of trade deficits. Getting harder to sell those USTs. For ANY entity, debt levels have a tipping point. If interest rates on USTs go over ~5%, USA Inc is facing insolvency- at least Trump realises this. https://unctad.org/topic/trade-analysis/chart-10-may-2021
reply