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    sepheronx

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    Re: World Economic News and Discussion

    Post  sepheronx on Wed Jan 07, 2015 12:55 am

    kvs wrote:The nominal GDP is a worthless figure.  How can some forex market evaluate the size of a country's GDP?  It can't.
    It is just a confidence game.   The typical forex player is some nitwit who actually believes that Russia is like Saudi
    Arabia and is nothing without its oil.   Even Obammy said that Russia produces nothing.   And everyone knows that
    Obammy can't lie and has infinite knowledge.

    Suppose the ruble fell to 1000000 per dollar.  Then let's have some rich consortium try to buy Russia using dollars.
    The first thing that will happen is that the exchange rate will adjust dramatically.   Just like with stocks the nominal
    "wealth" of the stockholder is theoretical and not actual.   As soon as the stock owner tries to unload his stocks,
    their value plummets.  You could claim that he should sell his shares in small amounts over a period of time.   But that
    is not the point.  If the stocks had intrinsic value then it should make no difference how they are sold.   The intrinsic
    worth of the ruble is not set by the forex market.  

    PPP GDP is the only objective metric.   Nominal GDP is subjective and based on the voodoo thinking in the forex market.
    Perhaps the fish head market, or the recycled condom market should decide the GDP.   Clearly this is nonsense.

    Exactly.

    Iran, has a GDP Nominal of a little over $400B but its GDP PPP is a little over $1T.  Reason is, even though Rial is a currency worthless to USD (25,000 Iran Rials for 1 USD), it is still the currency used within the country, and all products sold within the country.  That said, Iran produces home appliances, electronics like Cell phones, TV's and the like, Automobiles, food and food byproducts (very important), Petrol and Pharmaceuticals.  All of these are based upon Iranian wages and materials used, and a little bit of profit.  All of this has allowed people to purchase goods that are needed or they want at a very reduced price.  It also became cheap for foreign enterprises to build equipment in this country to sell to domestic market.  LG makes phones in Iran for instance, and thus Iranian's have access to foreign products but at a greatly reduced price.  They also make Nissan automobiles as an example.  Not everything is perfect as toilet paper for example costs a lot as it is mostly imported (seems to be a common issue, Iran, Venezuela and the likes all lack toilet paper.  Bet a company that makes it would be rich real quick that is will to export to these countries).  But for the most part, because most to all basic staples are available and made in the country, their money will take them far.  Iran is one of the largest steel consumers in the world because they are always manufacturing anything from toolings, automobiles, heavy equipment and military equipment.

    Russia produces all the same, things like TV's, phones, tablets, cars, computers, etc. Yes, a lot of the components are imported but that can also change as Russia produces MRAM (a form of memory), and microprocessors of various types (VLIW, SPARC, MIPS, etc all except CISC). Russia also produces lighting technology like LED, OLED, and can make displays as well. Consumer goods are usually other brands manufactured in the country like fridges and alike. In past, majority of its market was heavily flooded with foreign goods but as those goods dwindle, there will be a demand for them, and domestic brands will take over or more foreign companies will open manufacturing of their brands in the country (like Great Wall making an automotive plant). Russia though manufactures very important goods like heavy machinery in Agriculture and Construction. These two are hugely important for any development of any country and a huge portion of such equipment are imported. Russia on the other hand imports little of it as they produce them themselves (Uralvagonzavod makes construction and agriculture equipment besides T-90 tanks). Companies like Mikron and Elveese produce semiconductors for various countries and hundreds of businesses, including military. Electrical companies like Rosatom and Power Machines are becoming big names as they are exporting like crazy (didn't even know this till recently from an engineer from Victoria, but we are using various power machine products as well. The new companies that are doing well so far are tooling companies and the acquired tooling companies in Crimea will be huge for Russia overall.

    What can now be really important for Russia, and if anyone here is interested in such development and should give it a try, are companies that connect buyers to manufacturers. Much like Amazon. It will be these type of companies that will do very well as some of the biggest consumptions of goods in Russia comes from Online sales. Other ones will be DIY stores much like a Home Depot or a Home Hardware store as it is a good way to sell raw products on the domestic market (wood, steel, other metals, glass, etc) and more people will go the DIY route in order to save money.

    Vann7

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    Re: World Economic News and Discussion

    Post  Vann7 on Wed Jan 07, 2015 11:28 am

    kvs wrote:The nominal GDP is a worthless figure.  How can some forex market evaluate the size of a country's GDP?  It can't.
    It is just a confidence game.   The typical forex player is some nitwit who actually believes that Russia is like Saudi
    Arabia and is nothing without its oil.   Even Obammy said that Russia produces nothing.   And everyone knows that
    Obammy can't lie and has infinite knowledge.

    Suppose the ruble fell to 1000000 per dollar.  Then let's have some rich consortium try to buy Russia using dollars.
    The first thing that will happen is that the exchange rate will adjust dramatically.   Just like with stocks the nominal
    "wealth" of the stockholder is theoretical and not actual.   As soon as the stock owner tries to unload his stocks,
    their value plummets.  You could claim that he should sell his shares in small amounts over a period of time.   But that
    is not the point.  If the stocks had intrinsic value then it should make no difference how they are sold.   The intrinsic
    worth of the ruble is not set by the forex market.  

    PPP GDP is the only objective metric.   Nominal GDP is subjective and based on the voodoo thinking in the forex market.
    Perhaps the fish head market, or the recycled condom market should decide the GDP.   Clearly this is nonsense.


    in my opinion.. The real Economy of a nation is the combination..

    1)Purchasing Power capability with its own currency on its own nation. How many warships and submarines
    Russian can make with a balanced budget.
    2)How self efficient is its industry in supplying all its needs..
    3)their nation debt how easy or hard is for them ,to pay their debts.
    4)Modernization of its cities and infrastructure.
    5)And last but also important.. People opinions of whether their nation is moving or not in the right direction.

    All of them for me are equally important.. and cannot be excluded. IF for example people public opinion is really bad
    (like happened to Ukraine) about their country.. this will create unrest.. and for a long time this unrest will disband their nation  .  If a nation is not self efficient and 100% dependent everything on exports..is a very weak economy.. that depends of others to carry them.. ie Saudi arabia.  And without modernization in cities..and good roads ,you don't attract business and investments in your country.

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    Manov

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    blast saudi oil

    Post  Manov on Wed Jan 07, 2015 6:16 pm

    In the realm of fantasy, if the Saudis plays even more dirty, maybe some covert spetsnaz can blow some oilfield in Saudi Arabia Smile (just kidding)

    Its a dangerous play for the Saudis, they are confident in their army and the friendship with USA Israel, but some well planned sabotages and tensions with Iran can make oil pricess pop if the situation becomes critical.  Russia knows this, and they are playing nice right now, but patience has limits. I think that Saudis look strong but they are deeply weak in the sense that the royal family is closely attached to the USA establishment and very often they do thing that are not good for the saudi people. When things like ISIS and Shia guerrillas, terrorist attacks, tensions with their neibourghs and eventual problems with their oil production, they will be in a very hard position and then, making friends with China and Russia will not look like a bad idea. It is a really complex issue.
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    magnumcromagnon

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    Re: World Economic News and Discussion

    Post  magnumcromagnon on Wed Jan 07, 2015 7:04 pm

    Well, well, well...look what we have here, apparently Atlantacist media had you thinking that Russia was the biggest loser from cheap Brent Oil prices, it looks like Atlantacists are now $200 billion in debt trying  to create their Shale 'pipedream' in North America, which is now going bust due to the fact that Brent Oil price is at such a low price:

    $200 bn in debt looms over American oil and gas

    ...Their speculative attacks against Russia are now backfiring... lol1 lol1 lol1

    Vann7

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    Re: World Economic News and Discussion

    Post  Vann7 on Wed Jan 07, 2015 10:06 pm

    magnumcromagnon wrote:Well, well, well...look what we have here, apparently Atlantacist media had you thinking that Russia was the biggest loser from cheap Brent Oil prices, it looks like Atlantacists are now $200 billion in debt trying  to create their Shale 'pipedream' in North America, which is now going bust due to the fact that Brent Oil price is at such a low price:

    $200 bn in debt looms over American oil and gas

    ...Their speculative attacks against Russia are now backfiring... lol1 lol1 lol1


    But don't celebrate too much...  I think they were ready to sacrifice the bankruptcy of many of their business in order to collapse Russia energy industry.. and hopefully bankrupt the nation.. I don't think they will win ,because Russia is not as dependent of energy sales alone as western media claims..aside that the cost of producing oil for Russia is very low $5 per barrel.. and as high as $15 per barrel in some places ,so Russia do have the capabilities to operate selling oil at just $20 per barrel for years contrary to USA and CANADA. In 1998 to 2003 oil price was from $15 dollars per barrel to $30 , the average was $20 and Russia managed it while in the middle of a war in chechenia.

    Today Russia have near 400 $ billions in reserves to finance their own energy industry.. and China a nation with 4 $ trillions reserves will not allow Russia economy to break..and will be ready to help..if they have the need.

    So pretty much US Gov is on a medium scale economic warfare against Russia.. and they are literary collapsing
    their own energy business to collapse Russia energy industry. Is a very risky game what they are playing.. because
    of the low debt of Russia and the low cost of producing oil for them and the backup they will have of China.
    The big risk is that Russia do not fall and they end with their energy industry destroyed.. and people move away
    of their dollar. Essentially starting the downfall of their world currency status.

    All this shows.. how really desperate are the AngloZionist elite to stop RUssia ,that are attacking their own energy
    business in order to damage Russia.
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    flamming_python

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    Re: World Economic News and Discussion

    Post  flamming_python on Wed Jan 07, 2015 11:40 pm

    Vann7 wrote:
    magnumcromagnon wrote:Well, well, well...look what we have here, apparently Atlantacist media had you thinking that Russia was the biggest loser from cheap Brent Oil prices, it looks like Atlantacists are now $200 billion in debt trying  to create their Shale 'pipedream' in North America, which is now going bust due to the fact that Brent Oil price is at such a low price:

    $200 bn in debt looms over American oil and gas

    ...Their speculative attacks against Russia are now backfiring... lol1 lol1 lol1


    But don't celebrate too much...  I think they were ready to sacrifice the bankruptcy of many of their business in order to collapse Russia energy industry.. and hopefully bankrupt the nation.. I don't think they will win ,because Russia is not as dependent of energy sales alone as western media claims..aside that the cost of producing oil for Russia is very low $5 per barrel.. and as high as $15 per barrel in some places ,so Russia do have the capabilities to operate selling oil at just $20 per barrel for years contrary to USA and CANADA. In 1998 to 2003 oil price was from $15 dollars per barrel to $30 , the average was $20 and Russia managed it while in the middle of a war in chechenia.

    Today Russia have near 400 $ billions in reserves to finance their own energy industry.. and China a nation with 4 $ trillions reserves will not allow Russia economy to break..and will be ready to help..if they have the need.

    So pretty much US Gov is on a medium scale economic warfare against Russia.. and they are literary collapsing
    their own energy business to collapse Russia energy industry. Is a very risky game what they are playing.. because
    of the low debt of Russia and the low cost of producing oil for them and the backup they will have of China.
    The big risk is that Russia do not fall and they end with their energy industry destroyed.. and people move away
    of their dollar. Essentially starting the downfall of their world currency status.

    All this shows.. how really desperate are the AngloZionist elite to stop RUssia ,that are attacking their own energy
    business in order to damage Russia.

    I don't know if that whole raising oil production thing was deliberately targetted at Russia or not. I suspect it was, but in that case the irony would be if the US's own oil production tanks because of the low oil prices - that's ultimately going to lead to higher oil prices later on as the supply would go down while the world's demand will keep growing - and grow even faster in fact because of the low price of oil.
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    d_taddei2

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    reply

    Post  d_taddei2 on Thu Jan 08, 2015 12:31 am

    i read an article the other day it was saying that cracks are already starting to show in saudi's plans, even some of their own financial experts have expressed concern mainly due to the impact it will have on its own countries wealth, they have already said they will have to start using there money reserves in order to cope with deficit caused by the price drop, and how long and how much are they willing to deplete their reserves to?

    Saudi's oil plans effect everyone icluding its neighbours who aren't best pleased with their actions, Qatar, Bahrain, Oman, Kuwait, UAE, have already expressed concerns and have stated this can't go on. They too will have to dig into their money reserves.

    Question is how long before countries start to get Pi*sed off with Saudi thinking it can hold to world to ransom on oil just so some king can beat his chest and say look at me, look how powerful i can be. Saudi want to show the world what they can do and how much power they hold, without nuclear weapons. They want countries to think ok we better listen to them and not pi*s them off. This is all it is.

    But a part of me thinks has USA had a quiet word in Saudi's ear asking them to do this to apply more pressure on Russia? USA knows Russia makes a lot of its money from oil, and its looking like the current sanctions weren't swaying Putin's mind.
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    Hannibal Barca

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    Re: World Economic News and Discussion

    Post  Hannibal Barca on Thu Jan 08, 2015 12:40 am

    The Saudis can continue quite a lot with these prices. The problem they face is that with they oil roundabout 50$ they can't really expect to break any of their serious competitors.
    They have to push even further but they already face strong resistance. The small rigs and the high-cost small private extractors already shut down, especially the high seas and the shale oil. To push even further and hit the major oil fields they need to go down to 30 or less where profits can make pretty much only the middle east and some Russian fields.
    But I don't think they have the capacity to go that much.
    If we don't have pretty soon some major player like Venezuela or Libya or Iraq or Netherlands go bust then it goes for a stalemate and they have gain pretty much nothing but a new global economic crisis and probably ISIS hitting their own soil.

    Needless to say this pretty much play the cards of China who is the one with the huge gains here.
    Incidentally guess who is the largest export and import trading partner of Saudi Arabia...
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    TheArmenian

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    Re: World Economic News and Discussion

    Post  TheArmenian on Thu Jan 08, 2015 7:11 pm

    Austin wrote:Brent today is at 51.76 , WTI at 48.86

    http://www.bloomberg.com/energy/

    Rouble is tanking at  63.11

    http://www.bloomberg.com/quote/USDRUB:CUR


    From the trends I have observed for ever $10 drop in price of Oil ( Brent ) Rouble tanks down by 10-15 Rouble generaly on higher side.

    So its easy to guess now of Brent reaches $40 then Rouble would be around 80

    Austin,

    Beware of oversimplifications.
    Things are not as linear as they may seem.

    Oil is now below $50 and Rouble is a bit stronger at around 60 - 62 against the US$.

    The market has already taken into account that oil will go down to around $40 per barrel, that is already reflected in the price of the Rouble.
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    sepheronx

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    World economic news

    Post  sepheronx on Thu Jan 08, 2015 7:57 pm

    Nvm not worth the effort.

    Austin

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    Re: World Economic News and Discussion

    Post  Austin on Fri Feb 06, 2015 7:04 pm

    So is China Economy in trouble ?

    China’s Total Debt Load Equals 282% of GDP, Raising Economic Risks
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    magnumcromagnon

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    Re: World Economic News and Discussion

    Post  magnumcromagnon on Fri Feb 06, 2015 7:21 pm

    Austin wrote:So is China Economy in trouble ?

    China’s Total Debt Load Equals 282% of GDP, Raising Economic Risks

    ...It's not, because Western economies are leveraged in banking and financial industries speculative securities/derivatives (which collectively total thousands of times greater than the world's total physical assets), while China's economy is leveraged in manufacturing. In fact, if you look at Europe, most of the troubled Euro economies are because their banks are heavily leveraged in derivatives, which their crony capital controlled govt's will cut spending elsewhere so they can bailout and prop up their dying banks, which leads to austerity. Surprisingly enough austerity makes both deficits and debt greater, not smaller, the austerity is actually causing the economic troubles, not the actual debt. China isn't engaging in the Western austerity measures for a good reason! Even if Russia is going through some economic woes, as long as they don't engage in any massive austerity campaign, then they'll eventually pull through.
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    kvs

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    Re: World Economic News and Discussion

    Post  kvs on Fri Feb 06, 2015 11:19 pm

    Austin wrote:So is China Economy in trouble ?

    China’s Total Debt Load Equals 282% of GDP, Raising Economic Risks



    The US total is 269% and Canada has a ratio of 247%. Why is nobody bitching about them?
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    Hannibal Barca

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    Re: World Economic News and Discussion

    Post  Hannibal Barca on Fri Feb 06, 2015 11:25 pm

    wtf is this chart? some drunken monkey or something made it?
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    kvs

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    So is China Economy in trouble ?

    Post  kvs on Fri Feb 06, 2015 11:57 pm

    Hannibal Barca wrote:wtf is this chart? some drunken monkey or something made it?

    It's from the article linked by Austin. Whatever metric they are using makes the US and Canada look
    like shit too. So why all the whinging about China?

    Note how the US government and financial institution debt is actually a bigger fraction than in China.
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    henriksoder

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    Economic Development in Asia

    Post  henriksoder on Sat Apr 11, 2015 11:48 am

    http://www.svd.se/naringsliv/tillvaxtlanderna-gar-framat-pa-bred-front_6422272.svd

    - "The emerging importance increases and the dollar's dominance can be broken in 2025, writes the World Bank in a study. By 2050, Asia account for half the world economy and three billion more Asians live in prosperity, but there are many traps on the way, says the Asian Development Bank in a Another vision of the future.

    China is estimated on average to maintain a growth of about 7 percent per year until 2025, when China can have an equally large economy like Japan, India, Brazil and Russia. India's economy is stimulated by the country has a young population, but slowed down by "relatively low levels of education." Russia's growth held back by political problems,

    The first and most sought-after scenario called "Asian Century". When Asia 2050 stand for half the world economy, or nearly 150 000 billion dollars of GDP, calculated at current prices. Then the average per capita income nearly 39,000 dollars per year, much like in Europe now. In this case, an additional approximately three billion Asians lifted from poverty to prosperity.

    Seven Asian countries (China, India, Indonesia, Japan, Korea, Malaysia and Thailand) are expected to lead the development and account for 90 percent of Asia's GDP in 2050. "

    Any opinions or facts about this? I think that India's GDP will be bigger than US's 2050, it's fantastic that the living standard will be the same in Asia as in Europe today 2050. I think Asia should focus on a closer cooperation both military and economic for a strong development in the world and Asia should also work for closer cooperation between Asia and Europe and US. Asia should also work for development in Africa and stand for a prosper, peaceful and developing world and a fair Asia. Any know how the economic development in Africa will be? What is your opinion?

    /Henrik

    Austin

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    Re: World Economic News and Discussion

    Post  Austin on Mon Apr 13, 2015 3:20 pm

    World’s biggest economies in 2030

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    sepheronx

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    Re: World Economic News and Discussion

    Post  sepheronx on Mon Apr 13, 2015 4:37 pm

    Ahahahaha. Every single one of the predictions were false before. And will be again. Dont bother posting this garbage. Canada larger economy than Russia? We are in deep trouble right now, worst off actually, as we are racking up a huge debt.

    Other thing to keep in mind, if the debt isnt paid, it can destroy a lot of these nations who are debt ridden.

    GDP PPP, russia is larger than Brazil. GDP nominal is also a joke since Russia is sanctioned thus does not have full access to various goods, throwing out the purpose of nominal.


    Last edited by sepheronx on Mon Apr 13, 2015 4:41 pm; edited 1 time in total

    Firebird

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    Re: World Economic News and Discussion

    Post  Firebird on Mon Apr 13, 2015 4:39 pm

    Check out the bottom:-
    "Source US Dept of Agriculture" Razz

    America's economic stats are like two corner shops buy and selling each others stock ALL DAY long.
    Its got more air in it than a fart factory (if one was ever built).

    And as for the 2.4 tr. "estimate" for Russia, it really goes to show what a bunch of comedians is running the United Snakes.

    But once you take out factors like purchasing power parity and VELOCITY of money supply, the Eurasian UNion and the EU will be pretty similar in 2030. As will the US.

    However, the Eurasian Union will see substantial std of living growth and "real economy" growth.
    Europe will be stagnant. And for many Americans, they will see a lessening of std of living.

    Firebird

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    Re: World Economic News and Discussion

    Post  Firebird on Mon Apr 13, 2015 4:42 pm

    sepheronx wrote:Ahahahaha. Every single one of the predictions were false before. And will be again. Dont bother posting this garbage. Canada larger economy than Russia? We are in deep trouble right now, worst off actually, as we are racking up a huge debt.

    Other thing to keep in mind, if the debt isnt paid, it can destroy a lot of these nations who are debt ridden.

    They'll be building an "Iraq case" next. Sort of "we must rescue the Russian people from the evil Putin with our military strikes. Look how he keeps them in abject poverty".

    America is run by absolute nutcases. Very sad for normal Americans. Choice between Hillary the Slag Clinton and Jeb as dim as his brother Bush. Talk about a banana republic.

    Firebird

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    Re: World Economic News and Discussion

    Post  Firebird on Mon Apr 13, 2015 4:43 pm

    Russia GDP will be twice the size of Holland. With its 18m people.

    Comedy gold... hahah

    Vann7

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    Re: World Economic News and Discussion

    Post  Vann7 on Mon Apr 13, 2015 5:31 pm



    Oil prices i think was the thing that most hit Russia economy. .I think Russia should really consider ARming the houthi Rebels with cheap weapons and RPG-7 and take the fight to saudi Arabia and overthrow their king. or at very least attack Saudi Oil Fields.. and shut them down..
    for months .. That will allow Russia to cover Saudi Exports and Oil prices should go to $100 if not more in no time.

    If US is arming so called "freedom fighters" in Syria..by Obama, i don't see why Russia cannot do the same and arm Rebels in Yemen and give them manpads and rocket grenades to take full control of Yemen.. and take the fight to Saudi side.

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    sepheronx

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    Re: World Economic News and Discussion

    Post  sepheronx on Mon Apr 13, 2015 5:43 pm

    This has little to do with oil and all about bullshit. If it had to do woth oil, Canada wouldnt be as high on this "chart" because half of our wealth is in oil itself and other is automotive sales, which have dropped and constantly needing bailing out.

    Debt is the problem here and they keep accumulating debt as a form of wealth. If you owe the bank on a mortgage of $300,000 and you are still paying it off, does that mean you have money? Does it mean you own the house? No. But yet governments somehow think that debt is their wealth. Ever notice how if the debt ceiling is increased, so does US GDP? It is one sham after another - funny money. All thanks to voodoo economics - reaganomics.

    In US, sales have dropped to 2009 level and spending an all time low, yet their stocks do well. Wonder why? Well, the fed is buying stocks like crazy and companies buying back their own stocks. Russia doesnt seem to have this plague. They refused QE which US and EU are doing it almost on a quarterly basis. At this point, Russian, Brazilian and Indian markets are far more honest and real than others, who are using money tricks and relabeling terms to "prop" thenselves up. Hopefully by 2030, that bubble will burst and the real graph will look nothing like this.
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    kvs

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    Re: World Economic News and Discussion

    Post  kvs on Mon Apr 13, 2015 11:02 pm

    Austin wrote:World’s biggest economies in 2030


    This graph is a joke.

    Look at the size of Russia's GDP in 2015 it is close to what Saudi Arabia "will be" in 2030: 1.3 trillion dollars.
    Russia's nominal GDP in 2013 was 2.2 trillion. Let's multiply that by 35/55 to account for the exchange
    rate slide of the ruble. This gives 1.4 trillion. So Russia's GDP will grow from 1.4 to 2.4 trillion in 15 years.
    OK, then we have

    1.4*(1+x)^15 = 2.4 => 1+x = (2.4/1.4)^(1/15)=1.0366 => 3.66% growth per year

    That is actually not a shabby growth rate. But wait, the inflation in the USA and Russia are different.
    So the exchange rate will drift in real terms. This happened between 2000 and 2014. The ruble
    rate went from 27 to the dollar to 35 to the dollar even though there was more than 10% of inflation
    in Russia and only 2-3% in the USA. So in fact the ruble appreciated by over 7% per year relative to
    the dollar.

    Now let that one sink in for a bit. The exchange rate has been systematically changing with time. So
    you simply cannot use a fixed fraction (35/55) for the next 15 years. Let's assume we have the same
    pattern and there is a 7% currency appreciation due just to inflation effects. (I know the ruble is now
    free floating, but the CBR was not burning $400 billion per year between 2000 and 2014 to prop it up
    so it must have been following the market value, which suggests we may see the ruble back to the 40s
    per dollar). So,

    (35/55)*(1.07)^15 = 2.76

    So Russia's nominal GDP in 2030 would be 2.4*2.76=6.62 trillion dollars.

    Obviously the above pattern will not hold for Canada, France, Germany, UK and Japan. Their relative inflation
    rates are very similar. Also, Japan has a shrinking population with school closures everywhere. So you can
    expect its GDP to decrease over the next 15 years as it is stalled already for the last 20 years.

    The above highlights why nominal GDP comparisons are for retards. You may as well compare the size of
    economies using the number of farts or pigeon droppings. Purchasing Power Parity (PPP) adjustments address
    partly this exchange rate nonsense. They are inadequate because they use a basket of consumer
    goods as a basis for comparison. They need to compare whole industries. If Russia can build six Project 636.3
    diesel-electric submarines for the price of a single Japanese Soryu class boat of the same class, then you can't
    willy nilly apply nominal prices can you.

    As we already beat to death in this thread, Russia's economy did not shrink by 35/55 since last fall. In fact,
    the GDP went up by 0.4% in the 1st quarter compared to 2014.
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    max steel

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    Join date : 2015-02-12
    Location : South Pole

    Re: World Economic News and Discussion

    Post  max steel on Mon Apr 13, 2015 11:43 pm

    Can anyone explain how US is expecting to add another 8 trillion growth in its GDP in coming next 15 years . From 16 Trillion to 24 Trillion . Ofcoure it's a US source estimate . Personally speaking it's BS . By 2030 we'll see China surpassing already .

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    Re: World Economic News and Discussion

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