Do you have ill feelings towards Americans?

[Duke]

It's rather widely argued that the American economy is in a pretty risky state at the moment. Quoting The Economist:"Robust consumer spending has boosted GDP growth, but at the cost of a negative personal saving rate, a growing burden of household debt and a huge current-account deficit."

"When house-price rises flatten off, and therefore the room for further equity withdrawal dries up, consumer spending will stumble. Given that consumer spending and residential construction have accounted for 90% of GDP growth in recent years, it is hard to see how this can occur without a sharp slowdown in the economy."

"America's domestic demand needs to grow more slowly in order to bring the saving rate and the current-account deficit back to sustainable levels. If demand fails to slow, he will need to push rates higher. This will be risky, given households' heavy debts. After 13 increases in interest rates, the tide of easy money is now flowing out, and many American households are going to be shockingly exposed."

I don't think America is in a state in which tehy are close to bankrupcy or anything of the sort, but I do believe that the economic superpower status will lessen.

Yes, truth, while my initial comment was indeed spawned through verbal warfare with Dante, there's some truth in it. I'm by no means an expert on economy, let alone US economy, but the state it is in now could be (a lot) rosier.

US economical dominance is already over, but it's still very strong position is in jeopardy.

 

[PuffnScruff]

It's rather widely argued that the American economy is in a pretty risky state at the moment. Quoting The Economist:"Robust consumer spending has boosted GDP growth, but at the cost of a negative personal saving rate, a growing burden of household debt and a huge current-account deficit."

"When house-price rises flatten off, and therefore the room for further equity withdrawal dries up, consumer spending will stumble. Given that consumer spending and residential construction have accounted for 90% of GDP growth in recent years, it is hard to see how this can occur without a sharp slowdown in the economy."

"America's domestic demand needs to grow more slowly in order to bring the saving rate and the current-account deficit back to sustainable levels. If demand fails to slow, he will need to push rates higher. This will be risky, given households' heavy debts. After 13 increases in interest rates, the tide of easy money is now flowing out, and many American households are going to be shockingly exposed."

I don't think America is in a state in which tehy are close to bankrupcy or anything of the sort, but I do believe that the economic superpower status will lessen.

all economies have their ups and downs, and yes some economist have theories that the economy could turn around the future, but that is in the future, but i thought we were talking about currently, and some economist have said the opposite.

 

[Luv4Pac4Ever]

I could be wrong but I think the Americans that think we're better than every other country know nothing about other countries. I can't really say that I myself know alot about other countries but I wasn't raised to hate anybody so I don't go around saying that every Arab is gonna blow us up and shit like that. Don't get me wrong, I think we live in a great country but that's partly because of the freedoms that we have that some other countries don't have. I think alot of us take those freedoms for granted though. I can't say that I'd wanna live in any other country because the only way of life I know is that of the US. I'm not real sure I'd be able to adapt to the way of life in another country, but then again I've never even been outside the US so who knows.
I love my country and I'd defend it to anyone but I wouldn't degrade any other country either because I know very little about them. And to those anti-America folks that are anti-America only because of what they see on TV, if you've never been here to know what it's like here, don't diss us just because of what you see on TV. TV is usually one-sided. They only show what they want you to know.

 

[Shahin]

all economies have their ups and downs, and yes some economist have theories that the economy could turn around the future, but that is in the future, but i thought we were talking about currently, and some economist have said the opposite.

Predicting economy is a very inexact science since there are so any variables subject to change. This is one field where experts definitely will hold a lot of different opinions. I'm not saying people should assume the US is going down the drain or anything like that, it's just that it could be good to be aware that there are risky elements in it especially these days. There's definitely no need to say someone is an idiot just because he's presenting a theory you don't agree with

 

[PuffnScruff]

Predicting economy is a very inexact science since there are so any variables subject to change. This is one field where experts definitely will hold a lot of different opinions. I'm not saying people should assume the US is going down the drain or anything like that, it's just that it could be good to be aware that there are risky elements in it especially these days. There's definitely no need to say someone is an idiot just because he's presenting a theory you don't agree with

except he wasnt presenting a theory he was talking about of his ass

 

[Think_ThuGLiFE]

could the dutch invent such a device? methinks not.

haha

 

[Dominator]

[...] OOPS, i forgot, America has no culture except shooting each other.

lol

 

[Sebastian]

lmao @ Dante and Duke

 

[Prize Gotti]

I love America.

 

[Casey]

I love America.

*agrees with Prize Gotti*