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UK + Eurozone Crisis

Discussion in 'World Economy' started by santosh, Mar 30, 2014.

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  1. santosh

    santosh Major SENIOR MEMBER

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    @Averageamerican
    @Picdelamirand-oil

    A Major Difference Between Indian and American Culture

    also, there is a major difference between Indian and US's culture, that is, "Indians pay for their kids while American kids grow on the tax money/welfare of high tax paying migrants, as they fall in high income bracket." :tsk:
    and im scared for that certain state, the Indian Society will reach one day, when Indian women too will start getting kids without marriage, but no Welfare/free medical to feed these kids as India is a developing country :facepalm:
    .

    =>
     
  2. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    With India having 13 million slaves, not sure there is any need to worried about single women having babies.
     
  3. santosh

    santosh Major SENIOR MEMBER

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    @Ray

    sir, do we have any US's online soldier who may discuss my post as below?

    =>
    Today's US's people borrowing Debt with a Single Hope that new people will have to pay it anyhow, no way to run to Mexico, say :tsk:


    the above single red highlighted line of the above article tells the whole story, "whatever money the today's Americans are borrowing, will have to be paid by the coming generation."

    and if we have a look on the above news, showing Total Debt of US rising from around $12trillion in 1990 to over $60trillion+ last year, within just 20-22 years, it looks like today's US's people just want to borrow debt with a hope that the new born people/the upcoming migrants "have to" pay for their debt, "anyhow", with no option to run to Mexico too, as discussed in the curve as below, showing net fall in Mexican born people in US since 2008 recession......


    and if we have a careful look on this curve, this is the first fall of Mexican born population since 1930-45 period, since WW2
    :facepalm:

    => and why not, if we find a continued fall in Labor Force Employment Rate of USA from 66.2% in August/September 2008 to its lowest level at 62.8% last month. check the table as below, its the lowest level of "Employment Rate" of US since September 2008, which doesn't show it's better than any time since Lehman Brothers collapse in September 2008. and till then we find a parallel line at 66%+, showing no fall till August 2008 :ranger:


    and hence a similar rise in people dependent on Food Stamp in US since 2008 recession is also justified, a steep rise in the curves since 2008 as below......
    Record 20% of Households on Food Stamps in 2013 | CNS News

    =>


    => and this is how US register drop in unemployment rate, as below.....
    .
    => we already discussing record oil-gas pumping by US since 2008 recession in the thread as below:
    http://indiandefence.com/threads/u-s-oil-output-to-overtake-saudi-arabias-by-2020.45883/


    => the impact of 2008 recession is also seen in the news as below:
     
    Last edited: Jul 27, 2015
  4. santosh

    santosh Major SENIOR MEMBER

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  5. santosh

    santosh Major SENIOR MEMBER

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    .
    in the last post#183, the first drop in net Mexican population in US seen since 2008 great recession itself,which is similar to how migrants of A8 countries moving back from UK, as below too:-
    .
    => Further to the above few 'upbeat' statistics of US since 2008 recession, we have record performance of US-UK in terms of crimes rate as below too:

    https://en.wikipedia.org/wiki/List_of_countries_by_incarceration_rate#Incarceration_rates

    in fact,Indian Hindu society is more on comparison with the Buddhist Japan as below, the richest and the most advanced nation of Asia, including on the world in comparison with US, Germany :thumb:

    here, even the Germany with 90mil population, the largest EU's nation, looks doing pretty good as compare to Super Power US's 310 mil population, as below???? here as below, the UK/Britain is the worse figure among the EU's nations....
    .
    => while Homicide/Murder rate of America, a worse figure than Africa too, im myself answer-less ...... how Human life is so risky in this wealthiest part of world????:facepalm:

    List of countries by intentional homicide rate - Wikipedia, the free encyclopedia

    .


    A Crime mainly Means for its Seriousness

    and i repeat, "Incarceration Rate is the best way to measure Crime Rate as we do know that long term imprisonment is applicable to serious crimes only. means, if there were few fighting on the streets then you would be released within days if no serious injuries. but if someone died, or someone was raped, then obviously you would go for a very long."

    its so simple that, there might be so many driving offenses which can result is penalty only in most of cases, while a crime does means for its seriousness, like robberies/ murders/ serious assaults/ rape/ drugs smuggling etc....... even having small amount of drugs for personal use isn't a punishable offense in Australia, but smuggling drugs does means for 10years+ imprisonment, and here we mainly look on the Incarceration Rate comparison.

    as we do know that even if many types of small crimes go unpunished in a developing country, like driving offenses etc, the major crimes like murders/rapes/robberies can't go unnoticed as we do have proper identities of civilians/IDs of people in developing countries like India/Indonesia/ Philippines/Vietnam type countries, and here we again find "Incarceration Rate" comparison of our interests
    .
    => something which is more interesting to discuss here, a major difference between American and Indian cultures, that is, Indians pay for their kids from the 'after tax' salary in US, while most of the Single Mother Kids of US-UK-Aus grow on tax money-social security of immigrant professionals of developing countries....
     
    Last edited: Jul 29, 2015
  6. santosh

    santosh Major SENIOR MEMBER

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    along with the last post, we now find super power US pumping record oil-gas at present, but it still doesn't show enough impact on employment-job creation to bring it back to the level of pre-crisis period of mid 2008. as discussed in the thread as below:

    U.S. Oil Output to Overtake Saudi Arabia’s by 2020 | Indian Defence Forum

    =>

    we now going to see competition of US with its friend on oil-gas export soon,...
    :tsk:
    .
    => in fact, we do see enough changes in most of the OECD economies since 2008-09 recession. we now find net migration of residents of Sydeny-Melbourne to Western Australia within Australia since then, which has around 45% share in total Australia's export. share of mining-minerals-gas-core products have 70%+ share in total Australia's export. its now a true sense compared to Gulf nations in this regard
     
    Last edited: Jul 30, 2015
  7. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    US economy revives in second quarter
    [​IMG]
    .
    View photo
    US growth was boosted in the April-June period by higher consumer spending which accounts for about 70 percent of US economic activity (AFP Photo/Joe Raedle)

    Washington (AFP) - The US economy revived in the second quarter, shaking off its winter slumber as consumers flung open their wallets and exports rebounded, official data released Thursday showed.
    Related Stories
    1. Consumer spending bolsters U.S. second-quarter growth Reuters
    2. US economy posts solid 2.3 percent growth rate in Q2 Associated Press
    3. Britain's economy grows 0.7 percent in second quarter Associated Press
    4. UK economy bounces back in second quarter AFP
    5. Weak U.S. retail sales hint at slower economic growth Reuters
    Gross domestic product expanded at an annual rate of 2.3 percent in the April-June period, the Commerce Department reported, slightly below the 2.5 percent consensus estimate.
    That was the strongest pace of growth since the 2014 third quarter's 4.3 percent as the world's largest economy slowly recovers from the Great Recession.
    The first quarter, marred by severe winter weather and West Coast port strikes, did not contract as previously estimated. GDP was revised to 0.6 percent growth from a 0.2 percent downturn.
    "The economic recovery has lasted six years and shows no signs of old age. Most notably job growth is strong and broad-based, and wage increases are set to accelerate more significantly as the economy approaches full employment," said Scott Hoyt of Moody's Analytics.
    Briefing.com analysts said the data showed "some mild improvements after the weak first quarter" but that growth trends were still below the economy's 2.7-3.0 percent potential rate.
    The fresh data raised speculation about the timing of the Federal Reserve's plan to raise its near-zero key interest rate this year.
    The central bank has kept the federal funds rate pegged at 0-0.25 percent since late 2008 to help pull the economy out of the severe 2008-2009 recession.
    Some analysts said the US economy appeared to have enough momentum to keep the Fed on track for the first hike in more than nine years.
    "Updated GDP numbers deliver a double-punch to US economy doom-mongers, painting a reassuringly bright picture of the health of the US economy so far this year and raising the odds of the Fed hiking interest rates in September," said Chris Williamson, chief economist at Markit.
    It was the Commerce Department's preliminary estimate for the second quarter, to be followed by two revisions.
    - Consumers drive growth -
    Second-quarter growth was fueled mainly by a solid increase in consumer spending, which accounts for about 70 percent of US economic activity.
    Spending jumped 2.9 percent, accelerating from a 1.8 percent increase in the first. Gains were led by higher spending on goods, with purchases of durable goods such as autos surging 7.3 percent.
    Personal income growth picked up, leaving disposable personal income up 3.7 percent, double that of the first quarter. But households dug into their savings as they spent more. The personal saving rate fell from a revised 5.2 percent in the first quarter to 4.8 percent in the second.
    There was a major turnaround in exports, which had been hit in the first quarter by the West Coast ports slowdown that choked traffic.
    Exports of goods and services advanced 5.3 percent in the second quarter after plummeting 6.0 percent in the first.
    State and local government spending as well as residential fixed investment also added to the rise in growth.
    Those contributions were partly offset by declines in federal government spending, inventory investment, business investment and imports, which rose 3.5 percent, slowing by about half from the prior quarter's increase.
    Overall prices rose 1.4 percent in the second quarter after falling 1.6 percent in the first quarter. Excluding food and energy prices, which can be volatile, so-called "core" prices surged 1.1 percent after a slight 0.2 percent rise.
    The personal consumption expenditures price index, the Fed's preferred measure of inflation, rose to a 2.2 percent pace in the second quarter after two quarters of deflation. It was the largest increase since the 2012 fourth quarter and brought inflation above the central bank's 2.0 percent target for annual inflation.
    The core PCE price index rose to a 1.8 percent pace after two quarters of 1.0 percent gains.
    In semiannual revisions, the Commerce Department said US GDP rose 2.0 percent from 2011 to 2014, down from its previous estimate of a 2.3 percent rate.

    In the real world
     
  8. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    In the real world.

    U.S. posts budget surplus of $51.8 billion in June
    WASHINGTON
    WASHINGTON The United States posted a budget surplus of $51.8 billion in June, down 27 percent from the same period last year, the U.S. Treasury Department said on Monday.
    Analysts polled by Reuters had expected a $51 billion surplus last month. The government had a surplus of $70.5 billion in June 2014, according to Treasury's monthly budget statement.
    The Treasury said, however, that the year-over-year changes to June were affected by calendar-related issues that resulted in some federal benefits being paid in May 2014 rather than in June of that year. Adjusting for these transactions, the surplus in June 2014 would have been $36 billion, it said.
    With the adjustment, the surplus in June 2015 would be $16 billion, or 44 percent, higher than in June 2014.
    There were no timing-related adjustments in June 2015, the Treasury said.
    The current fiscal year-to-date deficit stood at $313.4 billion at the end of last month compared with $365.9 billion for the same period during the prior fiscal year.
    Receipts last month totaled $342.9 billion, while outlays stood at $291.2 billion.
     
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  9. santosh

    santosh Major SENIOR MEMBER

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    Relation of Social Security with the Reduced Crime Rate in US-UK

    further to the above statistics stating UK too as the worse side of Europe, we have pie chart of their budget expenditure as below.

    Crime Rate of developing countries mainly emerge from poverty, people in need do crimes, as per circumstances. while the US-UK have all the social security+free medical etc? why don't they even match with the crime rate of Asian nations?????

    more than 50% budget of US goes for social security+medical, (24%+24%).
    https://en.wikipedia.org/wiki/Expenditures_in_the_United_States_federal_budget

    on the top of that, over $74.0billion+ is spent on handling prisoners there also...
    =>

    while 59% of UK's budget goes for social security+medical+education and then the number of interest payment on the debt also come, the very first government expanses.... :facepalm:
    https://en.wikipedia.org/wiki/United_Kingdom_budget

    .

    => The Asia

    https://en.wikipedia.org/wiki/List_of_countries_by_incarceration_rate#Incarceration_rates
    A Crime mainly Means for its Seriousness


    and i repeat, "Incarceration Rate is the best way to measure Crime Rate as we do know that long term imprisonment is applicable to serious crimes only. means, if there were few fighting on the streets then you would be released within days if no serious injuries. but if someone died, or someone was raped, then obviously you would go for a very long."

    its so simple that, there might be so many driving offenses which can result is penalty only in most of cases, while a crime does means for its seriousness, like robberies/ murders/ serious assaults/ rape/ drugs smuggling etc....... even having small amount of drugs for personal use isn't a punishable offense in Australia, but smuggling drugs does means for 10years+ imprisonment, and here we mainly look on the Incarceration Rate comparison.

    as we do know that even if many types of small crimes go unpunished in a developing country, like driving offenses etc, the major crimes like murders/rapes/robberies can't go unnoticed as we do have proper identities of civilians/IDs of people in developing countries like India/Indonesia/ Philippines/Vietnam type countries, and here we again find "Incarceration Rate" comparison of our interests
     
  10. santosh

    santosh Major SENIOR MEMBER

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    =>
    Income-Debt-Buying Power comparison of Indians, British and Americans
    (in exchange rates terms)

    Per Capita income of US = $50,000 (around)
    Per Capita Income of UK = $38,000 (around)
    Per Capita Income of India = $2,000 (around)

    25 times difference
    .

    => Government Debt
    Government Debt per Capita in US = $18.5trillion for 310 million population = $60,000

    Government Debt per Capita in India = $1.2trillion for 1.25billion population = $1,000

    Government Debt per Capita in UK = $2.2trillion for 64million population = $34,000


    => "Total Debt" Per Capita of US = $60.5trillion for 310million population = $190,00 per person (around)

    "Total Debt" Per Capita of India = $2.8trillion for 1.25billion population = $2,500 per person (around)

    Total Debt Per Capita on UK = $12.0trillion for 64 million population = $190,000 per person (around)

    around 80 times higher


    => buying products in Market, would be around 8 to 10 times difference, as per my experience.

    coffee in India at 30 cents and in Sydney its $3.2 (10 times difference)

    something we usual buy, a mineral water for Rs15 (30cents) in Delhi, while it was around $2.4, the cheapest one, for a similar one liter mineral water in Sydney.....

    the cheapest Chinese take away food at $12 plus $2.0 for water, as compare to i pay around Rs90 ($1.5) a time here in Delhi

    renting flat in Sydney starts with around $350 per week, the cheapest, means around $1,500 per month, plus other charges. as compare to renting a flat in my city, Lucknow, at around Rs 20,000 a month ($300).

    parking in city, as you first drive to a shopping complex and then buy food whose prices isn't much different than India, for example. and similarly, even if you watch a movie, you pay dollar as compare to rupees in India.

    even mobile charge at around 30 paisa per minute in India, less than 0.5 cent, while its around 20 cents per minute in Australia....

    even for transportation, its around Rs 20 rupees(30 cents) in Delhi metro, as compare to minimum $3.5 one way in Perth-Sydney metro.....

    i would put "on ground" purchasing power difference at around 8 to 10 times between India and US. the prices which matters us, the prices of driving, renting, food, travelling, mobile etc.... :tup:

    hence, $2,000 'exchange rate term' per capita income of India would stand at around $15,000, using the factor of '7.5', as per its prices in US, for the what we buy-use the money on the ground, which affect the buying power of people.
    hence this way, we find per capita income of India at around $15,000, as compare to per capita income of around $50,000 and $38,000 in case of US and UK respectively....

    .
    => while for the developing counties like India have their 40%+ GDP remains "undocumented", simply because they dont show their half of the salary. so even if we consider the factor just at around 5.0, GDP Per Capita of India would still come at around $15,000 on PPP, as compare to around $38,000 in UK and $50,000 in US. while high growth rate of India does promise a brighter future, while the today's OECD economies are mostly saturated, having done hefty cuts in budget expenditure since 2009 recession too, hence limited investment has further undermined the growth prospects. which would hard for them to even match with their 1.5% average growth rate of last 25years since 1991 too...

    List of countries by GDP (PPP) - Wikipedia, the free encyclopedia
    .
     
    Last edited: Aug 2, 2015
  11. santosh

    santosh Major SENIOR MEMBER

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    .
    further, as discussed in the above post, the term "Total Debt" or "Overall Debt" includes Government Debt+Household Debt+Business debt, mainly....

    its a rough calculation for US-UK-India from the picture of 'The Economist' newspaper as below. an article about US's total debt, here we have.....
    .
    => the 'factored' Total Debt on major OECD economies is as below:-
     
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