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Old 01-01-2015, 03:44 AM
Danny B Danny B is online now
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Join Date: Oct 2012
Location: L.A. Ca.
Posts: 4,887
The disappearing middle class and the new trading blocs

Well, the year is closing out. Even though the oil price has collapsed, it doesn't appear that the relevant derivatives have blown sky high. We'll see. There is quite a bit of other news. As everyone knows, there is an increasing income disparity. The rich don't seem to mind because they are looking forward to the new "feudalism". It is a very dangerous state of affairs when the middle class has lost everything.
http://www.zerohedge.com/news/2014-1...modern-america

China has quite a problem with income. The country, China has grown quite a bit, "China’s economy grew 7 times as fast as America’s over the past decade (316% growth vs. 43%)"
"China’s GDP per capita is the 91st-lowest in the world, below Bosnia & Herzegovina"
"If he spent his ENTIRE YEARLY INCOME on housing, the average Beijing resident could buy 10 square feet of residential property"
Read more: 17 Facts About China That Will Blow Your Mind (FXI, LFC, PTR, SHI)

Commodities are crashing but, have a long way to go to reach historical lows. http://www.zerohedge.com/news/2014-1...-case-iron-ore

The rest of the world is forming trade blocs to try to get away from the influence of America. Event Horizon Chronicle: The Great Unraveling of 2015
"The President of Ecuador, Rafael Correa, will be in Beijing for a bi-lateral summit meeting with the Chinese leadership.

Let The Games Begin

That is no accident. Ecuador will hold the rotating presidency of CELAC in 2015. As Ecuadorean head of state, Correa will therefore occupy a crucial position of international leadership in 2015. It will not have been lost on the Chinese that Rafael Correa is a PhD economist, whose doctoral work at the University of Illinois had to do with "game theory." Game theory is concerned with the mathematical modeling of strategic decision-making, including international decision-making. It is widely used and studied in economics, policy making and political science."
There is a new appreciation for the importance of energy;
Next Big Future: Correctly factoring in the more important role of energy corrects economic predictions - Energy has Ten times bigger role than cost

It looks like we all live in interesting times.
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