U.S. Economy no longer #1

Why are you being so hard on the poster? It's 15 countries against 50 states (equivalent of countries).

 

Yea landis82 if you're not happy go tell the reuters journalist who wrote the article.

 

Good point..... we ought to be much harder on you for making comments like this.

 

EU is similar in size to US so it is fair to compare GDPs. EU includes 27 countries and is only 1/2 size of US territory, 27 countries do have more people than US (1.5X). The article actually mentions GDP of only 15 countries, not 27 so the whole EU GDP probably overtook US GDP before the last dollar drop.

 

Everyone recall how the Gummint and Talking Heads have been telling us, "$USD is too strong", "$USD NEEDS to correct", "a weaker Dollar is GOOD for Americans"....

The correct way to measures one's [or a country's] wealth [or GDP] is:

"asset or output X currency value"

Therefore, as the currency value declines, the "wealth" declines (or the value of output declines).

How again is a weak $USD good for Americans?

 

Exactly what I was thinking. Since when does a group of over a dozen cuntries bump one country from first? Many single American states have a larger economy than many single countries in Europe.

 

Countries, states, currencies: who cares ?!?!? It's one planet, one species, one economy.

Good riddance to nationalism.

 

yeah, it makes more sense to compare US to some small country with no territory or population to speak of. there will always be a country that US is doing better than.

 

Thats a pretty stupid story. Comparing the entire EU to America.

 

Has the US dollar ever become worthless? More doom and gloom and negativity pouring in from all corners.