The growth of the last 30 years came from the government spending money we didn’t have. In Europe, the government spent it. In America, households spent it. In Britain, both spent it.
December 6th, 2011 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "manufacturing"
Currency Games
A stronger local currency might mean China is changing gears in its economic growth plan. That is, rather than relying on export-driven GDP growth, it will shift toward more domestic demand (people spending money). According to the Financial Times, consumption as a percentage of GDP in China has actually fallen from 45% to 35%. In other words, Chinese economic growth has become even more export reliant.
June 21st, 2010 | Dan Denning | 1 comment | Continued
Gold Price Should Continue Going Up as the Dollar Accelerates its Terminal Decline
But first, just a reminder about the gold conference in Canberra November 2nd through 5th in Canberra. You can read about it here. Space is limited, so if you’re keen to go, you’d better move fast. Your editor will be there too, for the first time, and is looking forward to a world-class line up of speakers on gold as money and gold investments.
October 2nd, 2009 | Dan Denning | 6 comments | Continued
Reader Mail: Manufacturing is Not a Dirty Word
Explain to me why a factory is the ultimate capital asset . Why not an office that produces services…income for other workers, profits for shareholders and taxes for governments? You seem to suggest that the US needs its factories back. But surely it has a comparative advantage in providing services?
May 8th, 2008 | Dan Denning | 3 comments | Continued
