From the Economist: Manufacturing Blame - excerpt: Attendant infographic: Services Industries, as usual, will save the day. And so much the better, because that is where the more advanced economies have their manpower working. (And thus their source of principle-Demand.) What's important to note, however, is how the rest-of-the-world (other than the US) is on an uptick based on executive opinion-surveys. And, of course, how could these esteemed gentlemen/gentlewomen get it wrong? Easily in fact, but this time around, getting it wrong is unlikely in the cards. The US could well accept the tapering off of "purchasing managers" indices in order to avoid overheating that the drop in interest-rates could provoke. But, for Europe, otoh, just about any reason for increased will-to-purchase is good news. Great good news. And as the saying goes, "What is good for the two largest economies in the world is good for the rest-of-them* ..." *Note how skillfully the people who took these soundings did so only for the Euro-area, thus leaving out Great Britain. Brilliant move, I say!
Oftentimes I get the feeling no one really cares about the economy, and whenever there is coverage of the economy in the news, or a thread started about it on a political forum, it is always done to blame or credit the current President. As if the President even controls the economy, which is definitely far from a direct cause-and-effect relationship. The whole thing is obviously complete intellectual dishonesty. Democrats try to say the economy is doing good when it's a Democrat President in office, and try to say it's doing bad when it's a Republican President, and Republicans do the same. And no one really cares how the economy is actually doing, or at least cares enough to have an honest discussion about it.
More Propaganda for those willing to buy it. The economy is collapsing, but they always have a chart, or unemployment rates to show you. The Zionist now control it all, the media, the paid right wing shills that always have an non informative post to throw at you... cough cough... You are being fed garbage white 14T of negative interest rate bonds are floating, one major bank is full on insolvent and should go bankrupt. The PPT is doing everything it can to keep the market propped because Trump says so. They are printing and giving money to banks, so they can lend it to friends at 0% interest. All this while you still make 20$ an hour... But "the service industry will save the day" wake up people ! You better be buying GOLD, Silver stocks and bullion or you will be part of the BAIL IN where they take your money. Oh, and dont believe anything from someone that types on here once a day or more.
You are in an Economics Forum, not a Message Board. If you want "real debate" then learn how to rebut decently and reasonably but above all "with pertinence and logic"!. Otherwise, take your bitterness elsewhere! There's enough Pathetic Sarcasm in this forum as it is ... !
There seems to be a mistake in the title-link starting this forum. Here it is (from The Economist): The gloom hanging over the world economy is confined to manufacturing InfoGraphic:
Well worth noting: *The breakdown of the GDP between types of industries in the US (from here): GDP - composition by sector: Agriculture: 0.9% Industry: 18.9% Services: 80.2% *The Employment percentages of Labor in each type of industry - Here (from the BLS) *Employment projections (future) by Industry Sector from the BLS (here):
