Gold Member BOHICA Posted October 16, 2018 Gold Member Share Posted October 16, 2018 Trump has caused a boom in the US economy. China is struggling like its 2009. https://www.reuters.com/article/us-china-economy-gdp/trade-war-cost-chinas-third-quarter-gdp-growth-seen-hitting-lowest-since-2009-reuters-poll-idUSKCN1MQ0D1 Quote Link to comment Share on other sites More sharing options...
awful knawful Posted October 16, 2018 Share Posted October 16, 2018 and yet your debt has increased 17%? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 16, 2018 Share Posted October 16, 2018 That's somehow good for the global markets. Quote Link to comment Share on other sites More sharing options...
frenchy Posted October 16, 2018 Share Posted October 16, 2018 8 minutes ago, BOHICA said: Trump has caused a boom in the US economy. China is struggling like its 2009. https://www.reuters.com/article/us-china-economy-gdp/trade-war-cost-chinas-third-quarter-gdp-growth-seen-hitting-lowest-since-2009-reuters-poll-idUSKCN1MQ0D1 when 6.6% is a 'down year' it's not exactly a struggle.... Quote Link to comment Share on other sites More sharing options...
Mileage Psycho Posted October 16, 2018 Share Posted October 16, 2018 5 minutes ago, frenchy said: when 6.6% is a 'down year' it's not exactly a struggle.... And for some reason that is entirely lost on @BOHICA Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted October 16, 2018 Author Gold Member Share Posted October 16, 2018 5 minutes ago, frenchy said: when 6.6% is a 'down year' it's not exactly a struggle.... So China wasn’t struggling in 2009? Quote Link to comment Share on other sites More sharing options...
f7ben Posted October 16, 2018 Share Posted October 16, 2018 6 minutes ago, frenchy said: when 6.6% is a 'down year' it's not exactly a struggle.... Those numbers are wildly inflated Quote Link to comment Share on other sites More sharing options...
frenchy Posted October 16, 2018 Share Posted October 16, 2018 2 minutes ago, f7ben said: Those numbers are wildly inflated thanks momo! 1 2 Quote Link to comment Share on other sites More sharing options...
f7ben Posted October 16, 2018 Share Posted October 16, 2018 Just now, frenchy said: thanks momo! No problem slingerMC 1 Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted October 16, 2018 Author Gold Member Share Posted October 16, 2018 China is doing awesome!!! They are fucked and going to have to meet trump’s mandates. https://www.cnbc.com/2018/09/24/trumps-trade-war-threatens-chinese-economy-china-already-has-cracks.html Since then, Chinese debt-to-GDP has steadily grown to about 250 percent — or about $28 trillion, according to DBS and CEIC. Quote Link to comment Share on other sites More sharing options...
frenchy Posted October 16, 2018 Share Posted October 16, 2018 3 minutes ago, f7ben said: No problem slingerMC Quote Link to comment Share on other sites More sharing options...
f7ben Posted October 16, 2018 Share Posted October 16, 2018 8 minutes ago, Mileage Psycho said: And for some reason that is entirely lost on @BOHICA You arent this dumb....I know you're not https://www.investors.com/politics/editorials/new-study-shines-light-literally-on-chinas-and-russias-fake-gdp-data/ Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted October 16, 2018 Author Gold Member Share Posted October 16, 2018 https://www.bloomberg.com/news/articles/2018-10-16/china-may-have-5-8-trillion-in-hidden-debt-with-titanic-risks China May Have $5.8 Trillion in Hidden Debt With ‘Titanic’ Risks Quote Link to comment Share on other sites More sharing options...
frenchy Posted October 16, 2018 Share Posted October 16, 2018 (edited) 8 minutes ago, BOHICA said: https://www.bloomberg.com/news/articles/2018-10-16/china-may-have-5-8-trillion-in-hidden-debt-with-titanic-risks China May Have $5.8 Trillion in Hidden Debt With ‘Titanic’ Risks what do you think the US looks like when you combine local and state government debt and add it to the federal number? Edited October 16, 2018 by frenchy Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted October 16, 2018 Author Gold Member Share Posted October 16, 2018 4 minutes ago, frenchy said: what do you think the US looks like when you combine local and state government debt? You tell me...... Quote Link to comment Share on other sites More sharing options...
xtralettucetomatoe580 Posted October 16, 2018 Share Posted October 16, 2018 Just now, BOHICA said: You tell me...... Shitty. It wasn’t a trick question lol.. Quote Link to comment Share on other sites More sharing options...
frenchy Posted October 16, 2018 Share Posted October 16, 2018 2 minutes ago, BOHICA said: You tell me...... it's not good. Cali alone is over a trillion. Your article cites China's local levels of government debt as a 'risk'. Combine every state's debt load and every individual local level of government, including outstanding pension obligations and get back to me if you want to go down the doom and gloom road. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted October 16, 2018 Author Gold Member Share Posted October 16, 2018 (edited) 105% debt to gdp ratio total for the entire US according to the debt clock. Not even close to as bad as china’s 250%+ while their economy is starting to struggle Edited October 16, 2018 by BOHICA Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted October 16, 2018 Platinum Contributing Member Share Posted October 16, 2018 Nobody wants to see the National Debt grow and yes it's way too large but to claim America is "broke" is laughable. The nation's private net wealth is somewhere in the neighborhood of $100 trillion while total govt debt is in the $26 trillion range. Quote Link to comment Share on other sites More sharing options...
frenchy Posted October 16, 2018 Share Posted October 16, 2018 4 minutes ago, Highmark said: Nobody wants to see the National Debt grow and yes it's way too large but to claim America is "broke" is laughable. The nation's private net wealth is somewhere in the neighborhood of $100 trillion while total govt debt is in the $26 trillion range. who said that? Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted October 16, 2018 Author Gold Member Share Posted October 16, 2018 (edited) Our spending to GDP ratio has actually dropped since Obama’s 2016 vs trump’s 2018 according to the debt clock Edited October 16, 2018 by BOHICA Quote Link to comment Share on other sites More sharing options...
Mileage Psycho Posted October 16, 2018 Share Posted October 16, 2018 38 minutes ago, f7ben said: You arent this dumb....I know you're not https://www.investors.com/politics/editorials/new-study-shines-light-literally-on-chinas-and-russias-fake-gdp-data/ From @BOHICA 's link: 1/10 of 1% Let's see what happens on October 19th, and for the record the Oriental man will stoically suffer much more pain than any western man could ever imagine suffering. Quote A poll of 68 economists showed gross domestic product likely grew 6.6 percent in July-September from a year earlier, slowing from the previous quarter’s 6.7 percent and hitting the weakest pace since the first quarter of 2009. The predicted third-quarter growth would still be higher than the government’s full-year target of around 6.5 percent. China’s central bank governor Yi Gang said on Sunday he still sees plenty of room for adjustment in interest rates and the reserve requirement ratio (RRR), as downside risks from trade tensions with the United States remain significant. China releases second quarter GDP on October 19, along with September industrial output, retail sales, property sales and investment, and fixed asset investment data. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted October 16, 2018 Platinum Contributing Member Share Posted October 16, 2018 56 minutes ago, frenchy said: who said that? Well we all do regarding the govt's because many of them are. As a country we are still ok. Quote Link to comment Share on other sites More sharing options...
Edmo Posted October 16, 2018 Share Posted October 16, 2018 43 minutes ago, Mileage Psycho said: Let's see what happens on October 19th, and for the record the Oriental man will stoically suffer much more pain than any western man could ever imagine suffering. It is interesting how China views this whole trade war thing. It’s seems much more personal to them. This is going to require a solution that ensures they don’t look bad or look like they’ve given in. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 16, 2018 Share Posted October 16, 2018 1 hour ago, frenchy said: it's not good. Cali alone is over a trillion. Your article cites China's local levels of government debt as a 'risk'. Combine every state's debt load and every individual local level of government, including outstanding pension obligations and get back to me if you want to go down the doom and gloom road. More like 70 trillion? Quote Link to comment Share on other sites More sharing options...
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