Friday, September 21, 2012
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42nd CTP (PAAS)
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Join Date: Jun 2011
Location: Multan
Posts: 569
Thanks: 475
Thanked 657 Times in 291 Posts
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Quote:
Originally Posted by Hassan02
No its not, please stop listening to Zaid Hamid and read a good economics text book.
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Zaid Hamid is not an economist 
please recommend some. 
I think I have forgotten my masters knowledge want to revise it.
Quote:
Originally Posted by Hassan02
No he did not. In fact, since it was Republicans who caused the delay in raising the debt ceiling, Obama also blamed them for causing the USA to lose its AAA rating. BTW, Obama's own deficit reduction plan was pretty extensive. And also, an approval rating around 50% is considered pretty good in the USA.
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Don't just confine yourself to American economy. give it a broader view. American people are protesting against expected cut in social benefits. It will become difficult and difficult for future governments.
Quote:
Originally Posted by Hassan02
Please read my post again, I'm not stuck in the past. I was merely telling you what will happen if the US economy collapses (as you said it will) or if there is a really big recession. Also, economics is based on supply and demand; makes no sense setting up a automobile factory in China (or anywhere else in the world) if there is no demand for it.
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I have mentioned some specific sectors in my post. demand in those sectors can't decrease to depths. world's increasing population is a guarantee that demand won't decrease that much.
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