Originally posted by DimPrawn
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Why there will be no real recovery from this recession
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Originally posted by sasguru View PostYeah because the two are very similar
FFS Do you have some sort of masochistic tendency that forces you to demonstrate what a complete cretin you are?Comment
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Originally posted by DimPrawn View PostWhat's the pension and private health package like at Majestic or are you exploiting cheap labour again?
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Personally think there will be a recovery (for the west, east pretty much already recovered) from this recession, but like the last recovery (and boom) it will mainly be on paper, or built on quicksand if you prefer. And it will crash again within 8-10 years and it will be even worse than this time. The growth cycles will keep getting shorter and the crash’s getting worse and longer and it’s going to continue like until the time arrives that the west cannot get back up
The west has spent the last few decades hollowing out the foundations of their various economy’s (industry/production/manufacturing) and exporting them to 2nd and 3rd world counties (mainly in Asia) so they can focus on service industries. This has resulted in a core weakness in the economies of the west and the start of good solid economy’s in emerging markets, hence why most emerging markets literally bounced out of the recession into growth figures that western economy’s would sell their mothers for, while most western economy’s either have anemic growth or are still having nightmares about a double dip
Probably going to take about 70-80 years but Asian countries will become the “1st world” that the west is now, and most western economy’s will be downgraded to “2nd world” class, basically trying to make a living off their past glory’s
For Europe, the only way is down (and the USA, but slower). Which is why I am looking to get the hell out next year and head east
*Yes I know “2nd world” actually means the old communist counties not an actual level of economic/political power but best description I can think ofComment
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Originally posted by AtW View PostEffectively USA is setting on this path as they want to impose tariffs on Chinese goods that are certainly illegal under WTO rules.Last edited by Not So Wise; 30 September 2010, 14:31.Comment
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Originally posted by Not So Wise View PostProbably going to take about 70-80 years but Asian countries will become the “1st world” that the west is now,
Singapore, Taiwan, South Korea, Hong Kong already have 1st world infrastructure and living standards.
Malaysia, Indonesia, parts of China etc could be considered 2nd world.
India will take much longer.
In any case 70-80 years is far too long its more like 20-30 (1 generation)for most of them to get up to scratch, if they keep they current levels of growth.Hard Brexit now!
#prayfornodealComment
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Originally posted by sasguru View PostEh, you're joking aren't you?
Singapore, Taiwan, South Korea, Hong Kong already have 1st world infrastructure and living standards.
Malaysia, Indonesia, parts of China etc could be considered 2nd world.
India will take much longer.
In any case 70-80 years is far too long its more like 20-30 (1 generation)for most of them to get up to scratch, if they keep they current levels of growth.
I quite fancy moving to an Asian country in the next few years. Much better place to live than blighty.What happens in General, stays in General.You know what they say about assumptions!Comment
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Originally posted by sasguru View PostEh, you're joking aren't you?
Singapore, Taiwan, South Korea, Hong Kong already have 1st world infrastructure and living standards.
Malaysia, Indonesia, parts of China etc could be considered 2nd world.
India will take much longer.
In any case 70-80 years is far too long its more like 20-30 (1 generation)for most of them to get up to scratch, if they keep they current levels of growth.
Most of the countries that are "already or nearly there" are either small city states or only have small parts of the country that have reached that status (SK being the only exception but they are a bit of special case due to heavy US involvement in the country for last 50 years)
Get out of the capitals/big cities in most Asian countries and you are back in the 3rd world, where as if you leave london and go few hours up north you are still in a modern first world country (though sometimes does not feel like it for Londoner's )Comment
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Originally posted by Not So Wise View PostUSA pretty much has never really paid attention to WTO rules except when it suits them or they can use them to force other counties to do what USA wants them to doComment
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Originally posted by MarillionFan View PostI quite fancy moving to an Asian country in the next few years. Much better place to live than blighty.Comment
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