Finally arrived - US no longer the largest economy in the world. China now is - output $17.6 trillion to US $17.4. Not of much but still ahead. Output/GDP has been a long standing measure without regards to other variables such as in relation to population. Yesterday a TV pundit was trying hard to down play China surpassing US saying 325million people : 1 billion. I hate changing the goal post in the middle of the game. If we add that variable - is possible US may not be better than Gambia and/or at least many other nations. That's simply the ration: output : # of people. Good spin though and may have a point. Just saying don't add it because you now fall behind. In addition US has a national debt over $18 trillion with an interest bill over $400 billion. Bad mismanagement and politics producing nothing other than making sure one is elected. Please read founding fathers positions on debt - simply astonishing were we are. Burama On Tuesday, December 2, 2014, Burama Jammeh <[log in to unmask]> wrote: > U.S. debt over $18T now. > > So much mismanagement of of such a resourceful nation. > > Burama > > > On Tuesday, December 2, 2014, Burama Jammeh <[log in to unmask] > <javascript:_e(%7B%7D,'cvml',[log in to unmask]);>> wrote: > >> Filled up under $3/gallon. The last I bought gas under $3 is years ago >> (don't even remember). >> >> What does that mean for OPEC nations? Will oil stay primary driver for >> those such nations? >> >> Can someone advice Yahya obsession about oil - that it may or may not be >> long before oil is no longer the outstanding driver as it used to be up >> until now. >> >> Fracking if expanded will reduce cost drastically. >> >> Burama >> >> On Friday, November 28, 2014, Burama Jammeh <[log in to unmask]> >> wrote: >> >>> The dollar in the ascendance against the dalasis at the exchange market. >>> Today stand at D42.20 = $1. For those of us earning In foreign currencies - >>> we're happy with the return on remittance to family/friends. Understandable! >>> >>> How about the Gambian economy? Majority of our compatriots earn in >>> dalasis. How those high dollar affects there spending? How would >>> lowering demand affect economic expansion? Flip that to the supply side - >>> lower demand means cut supply or risk market surplus. That could go to >>> falling prices - ok, I will stop here. >>> >>> Prices are raising in Banjul. A nephew just text me cement has gone up >>> D10/bag in Brikama - from D275 to D285. Equally prices of stable foods are >>> up and up. >>> >>> What's your fix - assume your are a policy maker tasked to fix our >>> economy? How you do reduce the impact the cyclical global economic >>> fluctuations for our locals? >>> >>> Burama >>> >>> ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ To unsubscribe/subscribe or view archives of postings, go to the Gambia-L Web interface at: http://listserv.icors.org/archives/gambia-l.html To Search in the Gambia-L archives, go to: http://listserv.icors.org/SCRIPTS/WA-ICORS.EXE?S1=gambia-l To contact the List Management, please send an e-mail to: [log in to unmask] ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤