We are all ready to move to China then right? Please do not get excited over this, it is really apples and oranges in economics. Reason I say this is because the idea that China has surpassed the U.S is only based on PPP. PPP and China does not mix since the Chinese government and not the market are in total control of the Yuan, making internation trade imbalance a lot worse. This imbalance was recently felt by the double talon makers in Dakar where their chinese competitors got ahead of them and have become the major suppliers of double talons because of what the Chinese authorities are doing with the Yuan.
For the things that matter for the average human, America remains numero uno, so please do not lose sleep over this PPP metric. It can be very deceiving if you do not put things into perspective.
Thanks,
Matarr¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ To unsubscribe/subscribe or view archives of postings, go to the Gambia-L Web interface at: http://listserv.icors.org/archives/gambia-l.html
From: Burama Jammeh <[log in to unmask]');" target="_blank">[log in to unmask]>;
To: <[log in to unmask]');" target="_blank">[log in to unmask]>;
Subject: Re: The Economy
Sent: Sat, Dec 6, 2014 3:39:21 PM
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]> 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.htmlTo 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] ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤
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]');" target="_blank">[log in to unmask] ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤
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] ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤