THIS is why most foriegn investors are a bit scared.
Hutch
6 Comments
3 References
Ever wonder why other countries look at our economy with such concern? Why does another country care how we're doing here? I salvaged this tidbit from The Mortgage Reports.com. I'll summarize. Each state is labeled with the country its economy is equal to. THIS is why the world looks at the weak dollar and weak real estate market and worries. It's because we are so big... not just big... so big. So really, the whole world is relying on us to turn things around here. Work harder people.
Reader Comments (6)
I'm not an economist, but I'm not sure this kind of straight-across comparison can be taken seriously. I mean, if the individual states were isolated economies, perhaps it could --but they're not, are they? It ends up being about as useful as the old chestnut around here that Montana would be the fourth largest nuclear power if it were an independent nation.
The map is just a way of showing how large the U.S. economy is. I'm not saying we would be so big if we were divided. I think the civil war settled that. Plus, I only summarized the article. Take the link to The Mortgage Reports and read it there. It'll explain it better.
I did read it, and I still don't think the graphic adds anything substantial to the very real issue of the size of the US economy. If anything, it detracts from the point the article is trying to make.
Well, we can agree to disagree. I think the map puts our economy in perspective. If the world's economy was a pie chart, the U.S. would be over a quarter of it, and the rest of the countries' slices would be too small to read or even see. That in mind, look at the weakening dollar (I'm not exactly sure why this is happening, but it is.) Then the nation-wide weakening of the housing market. I mean, builders have stopped building houses. No foriegn investor wants to spend real money here right now. Anyone who has money here is gonna pull it out. It's a self-feeding phenomenon. THAT'S why other countries are waiting on the edge of their seats to see what happens here. They're worried. It's because we're so big. If this happened in Tuvalu or Luxemborg or Lesotho, nobody would worry... because they aren't big. And the map is a visual tool to show you how big we are.
There is an article I read recently about the weaking dollar & how it will impact us. I will find it.
Dollar, shmaller. Don't you know the Cat-Griz game is tomorrow?
You folks need to get your priorities straight!