2016 - The Global Economic .... What?

[The Minsky Moment]

So despite the still glaring failure to hit the inflation target, the ECB stood pat.  The reasoning apparently being that to make a move would signal that the ECB agrees with the markets that its last move was insufficient.  I.e. they are compounding the error in order not to lose face. 

[Baron von Schtinkenbutt]

Walmart closing 269 stores is a pretty worrying sign for the US economy.

Based on the closings announced here in Texas, the stores they are closing are either bad location ideas to begin with or redundant with other, newer stores.

[Valmy]

Walmart closing 269 stores is a pretty worrying sign for the US economy.

Based on the closings announced here in Texas, the stores they are closing are either bad location ideas to begin with or redundant with other, newer stores.

Spin! Walmart is DOOOOOMED!!11

Or not.

[crazy canuck]

All you making fun of MIM's post should read more of Mono's. China still has a long way to go.

All of you who think China has a long way to go economically should read the rest of the thread and realize the rest of the world isn't doing so well either.

[Zanza]

A lot of economists still forecast something like 6% growth for China next year, which would be spectacular in most countries and is just disappointing because of their two decades of 10% growth...

[Eddie Teach]

All of you who think China has a long way to go economically should read the rest of the thread and realize the rest of the world isn't doing so well either.

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

China is in 88th place; their number a quarter of the US.

[mongers]

All of you who think China has a long way to go economically should read the rest of the thread and realize the rest of the world isn't doing so well either.

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

China is in 88th place; their number a quarter of the US.

Aren't we discussing countries and their economies rather than notional individual?

[Eddie Teach]

A country's potential wealth is driven by demographics.

But have it your way. China's economy is larger than that of the UK, so why don't you move there and share in the luxury? 

[crazy canuck]

All of you who think China has a long way to go economically should read the rest of the thread and realize the rest of the world isn't doing so well either.

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

China is in 88th place; their number a quarter of the US.

Well done.  You win the award for cherry picking.

[DGuller]

All of you who think China has a long way to go economically should read the rest of the thread and realize the rest of the world isn't doing so well either.

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

China is in 88th place; their number a quarter of the US.

Well done.  You win the award for cherry picking.

What was wrong with this?  If I had to think of one statistic to support the assertion that China has a long way to go, that would be the one.

[crazy canuck]

All of you who think China has a long way to go economically should read the rest of the thread and realize the rest of the world isn't doing so well either.

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

China is in 88th place; their number a quarter of the US.

Well done.  You win the award for cherry picking.

What was wrong with this?  If I had to think of one statistic to support the assertion that China has a long way to go, that would be the one.

That is pretty much the definition of cherry picking.  Seeking out a stat to support an assertion that the rest of the evidence you have ignored disproves.  China has been a rising economic power for a while now.  I am not sure why people feel the need to ignore that fact - except for ideological reasons or being petty on Languish.

[Monoriu]

But even the official line from China is that they still have a long way to go. 

[DGuller]

That is pretty much the definition of cherry picking.  Seeking out a stat to support an assertion that the rest of the evidence you have ignored disproves.  China has been a rising economic power for a while now.  I am not sure why people feel the need to ignore that fact - except for ideological reasons or being petty on Languish.

Another reason could be that we may know the difference between position and rate of change of position.  You could both be a rising power and yet have ways to go.  Despite what way too many people think, the strength of the economy is measured in GDP, not in GDP growth rates.

[Eddie Teach]

That's by far the most important stat when judging how a country is doing economically.

[crazy canuck]

That is pretty much the definition of cherry picking.  Seeking out a stat to support an assertion that the rest of the evidence you have ignored disproves.  China has been a rising economic power for a while now.  I am not sure why people feel the need to ignore that fact - except for ideological reasons or being petty on Languish.

Another reason could be that we may know the difference between position and rate of change of position.  You could both be a rising power and yet have ways to go.  Despite what way too many people think, the strength of the economy is measured in GDP, not in GDP growth rates.

Sounds more like a very effective way of trying to ignore how far and how quickly they have come.