This is a GE* graphic comparing the top ten economies of 1990 to those of 2011.
- China moved from #10 to #2, bumping everyone formerly ahead of them down a notch.
- Spain and Canada dropped off the list.
None of this is by accident.
A decade from now the top ten will again look VERY different from 2011.
- Obummer is doing his absolute best to make sure the US is taken down a few rungs.
Yeah, "change"...it isn't always the happy fluffy bunny some imagine it to be.
*Be mindful that Obummer's bestest butt-buddy Jeff Immelt of GE has moved HUGE chunks of GE's business to China, and he's not done YET (nor is Barry).
Saturday 10 March 2012
CHANGE?..................from Rico
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2 comments:
The second graph would be more revelatory were it in constant dollars.
Volcker said in seventy-eight the standard of living in the U.S. has to drop.
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