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Forums - Politics - Official 2020 US Election: Democratic Party Discussion

Snoopy said:
haxxiy said:

That's from IMF data.

You can also search in the internet for the bank of your preference, since the likes of Standard Chartered, HSBC, Citigroup etc. will ocasionally offer papers on mid and long-term economic outlook for free.

According to the graph, China's percent of global GDP should be more than the United States right now, which isn't the case.

That depends on which GDP you're using. Yes there are several of them: Nominal (which the US are leading), Real (where China is about on par with the US), and purchasing power parity (in which China is leading for a couple years now). So in other words, that chart was made with GDP (PPP).

India has been catching up for 2 reasons: fast growth, both economically and by population. India may very well still be a developing country, but having a population over 4 times the size of the US and still growing fast certainly helps to achieve that goal. In fact, India just recently overtook China as the most populous country, each with over 1.4 billion inhabitants.

While it might take more than 15 years depending on how the economy goes in either country, having India overtake the US is just a matter of time due to the high and growing population.



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Snoopy said:
haxxiy said:

That's from IMF data.

You can also search in the internet for the bank of your preference, since the likes of Standard Chartered, HSBC, Citigroup etc. will ocasionally offer papers on mid and long-term economic outlook for free.

According to the graph, China's percent of global GDP should be more than the United States right now, which isn't the case.

Adjusting to purchasing power parity, it has been there since the beginning of the decade. Like Taiwan or Korea, China is an exporting economy which keeps their currency at a low value against the dollar. This is why nominally you might think it isn't there already. Yet it's a larger market than the US in terms of consuming goods and services nowadays... companies and financial services are acutely aware of this, which is why they talk so much about the booming global middle class.

Does this make you uncomfortable? I'm getting this impression. I know, the world's economic axis has lied on both sides of the North Atlantic for some 150 years, and it could be hard for some to conceive a world where Europeans and their descendants aren't under the spotlight.



 

 

 

 

 

I wanna see Yang or Buttigieg win the nomination so I hope they stay in to win it.



jason1637 said:
I wanna see Yang or Buttigieg win the nomination so I hope they stay in to win it.

Neither of them appears to have a chance, but I hope that Yang in particular stays for some time because I find him a unique and refreshingly Earthly candidate to hear from.



haxxiy said:
Snoopy said:

According to the graph, China's percent of global GDP should be more than the United States right now, which isn't the case.

Adjusting to purchasing power parity, it has been there since the beginning of the decade. Like Taiwan or Korea, China is an exporting economy which keeps their currency at a low value against the dollar. This is why nominally you might think it isn't there already. Yet it's a larger market than the US in terms of consuming goods and services nowadays... companies and financial services are acutely aware of this, which is why they talk so much about the booming global middle class.

Does this make you uncomfortable? I'm getting this impression. I know, the world's economic axis has lied on both sides of the North Atlantic for some 150 years, and it could be hard for some to conceive a world where Europeans and their descendants aren't under the spotlight.

Using purchasing power parity? LOL Okay, keep using BS economic models to make other countries seem better. Uncomfortable about what, India? I mean, if I lived there I would be uncomfortable and not happy about the living standards.

Comparisons of national wealth are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP.[4] On the whole, PPP per capita figures are less spread than nominal GDP per capita figures.[5]

Last edited by Snoopy - on 18 August 2019

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Snoopy said:
haxxiy said:

That's from IMF data.

You can also search in the internet for the bank of your preference, since the likes of Standard Chartered, HSBC, Citigroup etc. will ocasionally offer papers on mid and long-term economic outlook for free.

According to the graph, China's percent of global GDP should be more than the United States right now, which isn't the case.

Depends on how you consider exchange rates of currencies:

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

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)



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Mnementh said:
Snoopy said:

According to the graph, China's percent of global GDP should be more than the United States right now, which isn't the case.

Depends on how you consider exchange rates of currencies:

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

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

Like I said before, PPP is flawed and irrelevant. Because it doesn't account for differences such as quality between goods and service among other things. I rather pay more money to get inside a bus than pay to hang onto a bus or pay more for a house on decent land.

Last edited by Snoopy - on 18 August 2019

jason1637 said:
I wanna see Yang or Buttigieg win the nomination so I hope they stay in to win it.

While I don't think that they'll win, they might get a spot in the government later on. Yang as secretary of labor, commerce or energy would be a good fit in my opinion.



Kamala is such a cowardly little neoliberal. So sick of her.

Here she is running away from her past self back when she, apparently accidentally, did something actually brave.
https://www.thedailybeast.com/kamala-harris-says-shes-uncomfortable-with-bernies-health-care-plan-two-years-after-cosponsoring-it

And here she is, unironically tweeting a laughably pathetic student debt relief plan, with not 1, not 2, not 3, but count em, FOUR means test qualifiers:
https://twitter.com/kamalaharris/status/1155305122911723526?lang=en

Fucking neoliberals. A debt relief plan that only works for those that received a certain grant, and only if they, while already thousands in debt, decide to start a business, and only if that business succeeds for three years (most new businesses don't), and only if they set that business up in a "disadvantaged community", whatever that means. And get this, even if you meet all the requirements, you can only get $20k paid through this program. To just tweet something that stupid out like she's actually proud of it, that's just pathetically out of touch. I'm genuinely shocked this is her actual campaign account, and they actually think this sounds remotely exciting to anyone and not just insulting.

She was already pretty low on my list, but she's been just such a wormy little flip-flopper lately and her ideas are so insultingly half-hearted, she's barely above Biden for me at this point, at least amongst the 5 or so "frontrunner" candidates. If I had to rank her against all 20+ candidates, she wouldn't even make top 10, probably would be down somewhere near O'Rourke and Klobochar.

Edit: Apparently that tweet is nearly a month old. Note that no one is talking about that shit. Because it's not remotely exciting or impressive.



the-pi-guy said:
Bernie released a monster prison reform plan.

https://berniesanders.com/justice-and-safety-for-all/

I like most of it. Could be a solid bill.