As anticipated by the Federal Reserve's report earlier this week, US economic growth braked sharply in the fourth quarter as businesses stepped up efforts to reduce an inventory glut and a strong dollar and tepid global demand weighed on exports. Read full article
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Disclaimer & comment rulesThe US does not grow ... swell.
Jan 30th, 2016 - 12:49 pm - Link - Report abuse 0And only manage to stay standing because the dollar still monopolizes trade and global savings. They print dollars and the world purchase.
The Bank of BRICS will change that!
No tobi, you continue in your failures to understand. It does not collapse like the brics because it does not have all their eggs in one basket. Your wishing will never be seen in your lifetime. China will continue its downward spiral and that sucking sound ( Ross) you hear in China's exhaust is the rest of the brics.
Jan 30th, 2016 - 01:25 pm - Link - Report abuse 0China's been unloading US bonds for some time now trying to keep the yuan afloat with no impact on the USA. And as long as the USA remains their largest trading partner they will always buy dollars. Remember tobi, in the top 10, Brazil barely makes number 9 as a trading partner with China, they really tie at 10 with Mother Russian.
Speaking of Russia, I saw a group of 12 tourist in a restaurant the other night. They are totally rude, classless drunks. It was funny watching them stand with drinks saluting the fatherland. I thought that was tv crap....lol.
Brazil is shrinking. So the US is at least growing.
Jan 30th, 2016 - 01:31 pm - Link - Report abuse 0The BRICS? Bahahaha
Russia is in huge trouble. So is Brazil. So is South Africa. So is China.
That leaves India..... and even it is hardly setting the world on fire with its economy.
Play with your bank. No one cares because the BRICS era is over already. Quicker than a teenage boy with a five buck hooker.
Until India learns not to poop on the streets they'll never amount to anything.
Feb 01st, 2016 - 02:37 pm - Link - Report abuse 0The rest of the BRC will be in severe depression by the end of the year.
Yes including China.
When they said their economy was growing at 7 it was really 2.
Its not been growing for a very long time
Wait until the traders push the Yuan down 20- 40%.
U$1 TRILLION left their economy last year.
I told you all a few years ago they don't have near enough U$ to fix this problem.
Someday ver soon the 1000s of provincial towns under civil unrest daily will move into the East Coast.
Then its done.
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