RIP Philo

The coming economic crisis.

1. Western Europe: declining population and stagnant growth. It is overflowing with Muslims.

2. Japan: will have the oldest population on earth. Not enough workers to support retiring people.

3. China: more older people than young working people. It won't have enough sustaining economic growth.

4. USA: it depends on how we handle the budget deficit and growing debt.

5. India: young population with potential economic growth.

6. South East Asia: young population with potential economic growth.

7. Africa and the Middle East: no clue.

The conclusion? Unless India steps up and be like China the last 20 years, the world economies will suck a BIG ONE.
Permalink DrPepper 
June 10th, 2018 5:20pm
You missed what I would pick - tech startup bubble popping.
Permalink Send private email FSK 
June 10th, 2018 5:41pm
There is difference between a worldwide economic crisis (e.g.  financial crisis of 2007–2008) and a specific country currently experiencing an economic upturn or downturn.

The USA appears to be currently within an economic upturn, but one long term economic problem that we have is that we are deeply in debt. Someday our government may have no choice but to default on some if not all of that debt.
Permalink One Programmer's Opinion 
June 10th, 2018 5:52pm
The government does not have the same accounting rules as everyone else.

When your debt is in your own money, you can keep rolling over the debt indefinitely, with more and more inflation.

The way the monetary system works, you need a certain amount of Federal government debt to keep things moving.
Permalink Send private email FSK 
June 10th, 2018 5:58pm
Did you guys notice what I said about China? China won't be so rich and so powerful like the mass media is trying to portrait right now. In 20-50 years, China doesn't have enough young workers to produce economic growth. In another word, China won't be a superpower.
Permalink DrPepper 
June 10th, 2018 6:18pm
China definitely has a demographic problem due to their one child policy.

It also led to lots of families killing their female children, so they could have a male child.

So now there's way more men than women, and an excess of old people.
Permalink Send private email FSK 
June 10th, 2018 6:41pm
Killing...  or ...

Gender studies scholar Lu Pin, who edits the online newspaper Women's Voice, said the policy had combined with a preference in Chinese traditional culture for male heirs, whose duty it is to care for their parents in old age.

"The one-child policies actually allow for the gender bias in favor of boys, and, as such, can be said to bear some responsibility for reinforcing it," Lu said.

"In rural areas, the one-child policy was always in effect a 'one-and-a-half child policy,' because couples would be allowed a second child if the first was a girl," she said.

"If the first-born was a boy, then they wouldn't be allowed to have another."
Permalink R 
June 10th, 2018 6:44pm
There could be some growth in Africa if the imperialist mentality of Europeans and the africom won't interfere. But I doubt so.

China growth is limited by how much EU and USA could import their crap.

EU is deeply fucked. Some countries within the union could save their asses if they scede now.

The USA is in the hands of a cartel. As long as usaiens don't restore their sovreinity, they will be milked to death and they will sooner or later pay the huge debt a few contracted in the name of the people.
Permalink Random Lurker 
June 10th, 2018 9:40pm
Indonesia !!!!
Permalink Suharto 
June 10th, 2018 9:47pm
India is a fake success story. Except the few Indians with a h1b visa in the US, there are no Indian  geniuses elsewhere. Stop h1b and the whole Indian IT business will go downhill. A few Tata businesses will remain of course but nowhere near the level of sponsored income they get from america.

Also, India can't survive a conflict with their paki neighbor.
Permalink Random Lurker 
June 10th, 2018 9:48pm

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