Quote:
Originally Posted by Vendzilla
Except the nominal gdp of China and Australia combined is still less than the US
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Its not GDP argument, we know America wins that.
My posts were explaining Australia is an excellent barometer as to how China is really doing/ hurting as we primarily export them raw resources which they turn into consumer shit. Australian exports this year are up 20%, you want to know when China is really hurting.. listen for the cries of the Australians because we're first inline as raw resource providers to their economy. Nothing about GDP let that sink in.
Hopefully USA and China will come to some agreement this year, and stock markets will get a HUGE one off hit from that. China saying they will buy more.. was going to happen anyway, so look for what exclusive USA-China only deals that are brought to the table and if he doesn't get that, you'll get a spike and drop.
The feds gave themselves room to move as well so hopefully they may drop rates that also will be an one off boost to the markets.
The WORLD is in a boom time, basically every countries stock markets are up this year.