US drops from first to tenth in average wealth!

T

The Dude

Banned
As if we needed more warnings that the US is rapidly losing its position as the world's superpower and wealth aggregator, is the following chart from Credit Suisse, which ranks the top 10 countries in the world in terms of average wealth per adult. While the US was #1 10 years ago, due to an abysmal growth rate of only 23%, by far the lowest of all the ranked countries, the US has now dropped from first to seventh, falling behind such countries as Sweden and France. At the top - such perennially voted "top places to live" as Switzerland and Norway. Hopefully the US can fix its ever-expanding black hole of problems soon, as once the wealthiest decide they have had it here and move away, look for this number to drop ever faster until the US drops out of the ranking altogether.
http://www.zerohedge.com/article/us...alth-adult-behind-singapore-sweden-and-france
 
The Dude said:
As if we needed more warnings that the US is rapidly losing its position as the world's superpower and wealth aggregator, is the following chart from Credit Suisse, which ranks the top 10 countries in the world in terms of average wealth per adult. While the US was #1 10 years ago, due to an abysmal growth rate of only 23%, by far the lowest of all the ranked countries, the US has now dropped from first to seventh, falling behind such countries as Sweden and France. At the top - such perennially voted "top places to live" as Switzerland and Norway. Hopefully the US can fix its ever-expanding black hole of problems soon, as once the wealthiest decide they have had it here and move away, look for this number to drop ever faster until the US drops out of the ranking altogether.
http://www.zerohedge.com/article/us...alth-adult-behind-singapore-sweden-and-france
Click to expand...

How can that be puddin pop? The DOW is breaking records and Obummers economy is booming. Sure you got yer facts straight?
 
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The Dude said:
As if we needed more warnings that the US is rapidly losing its position as the world's superpower and wealth aggregator, is the following chart from Credit Suisse, which ranks the top 10 countries in the world in terms of average wealth per adult. While the US was #1 10 years ago, due to an abysmal growth rate of only 23%, by far the lowest of all the ranked countries, the US has now dropped from first to seventh, falling behind such countries as Sweden and France. At the top - such perennially voted "top places to live" as Switzerland and Norway. Hopefully the US can fix its ever-expanding black hole of problems soon, as once the wealthiest decide they have had it here and move away, look for this number to drop ever faster until the US drops out of the ranking altogether.
http://www.zerohedge.com/article/us...alth-adult-behind-singapore-sweden-and-france
Click to expand...

Switzerland and Norway are beautiful countries but the people are very dull and boring, for the most part.
 
The US will remain a superpower while you allow such a huge proportion of your taxes to be spent on arms. Much good may it do you, however.
 
DamnYankee said:
It seems to me that you are poking the Obamites, who are responsible for the decline.
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Clearly the nutters who've been attacking every man and his dog for years are responsible. I can remember when people used to like Americans, and not spit.
 
The Dude said:
As if we needed more warnings that the US is rapidly losing its position as the world's superpower and wealth aggregator, is the following chart from Credit Suisse, which ranks the top 10 countries in the world in terms of average wealth per adult. While the US was #1 10 years ago, due to an abysmal growth rate of only 23%, by far the lowest of all the ranked countries, the US has now dropped from first to seventh, falling behind such countries as Sweden and France. At the top - such perennially voted "top places to live" as Switzerland and Norway. Hopefully the US can fix its ever-expanding black hole of problems soon, as once the wealthiest decide they have had it here and move away, look for this number to drop ever faster until the US drops out of the ranking altogether.
http://www.zerohedge.com/article/us...alth-adult-behind-singapore-sweden-and-france
Click to expand...

I know the US economy has been in the tanks, as have the economies of many nations. But Iwould wonder if our slide down, in comparison to other countries, is a matter of the US dropping or of other nations climbing?
 
The Dude said:
Not my facts, banks facts!
Us wealth is mostly held by us in the 1 percent
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Well again, that makes no sense as it is the top 1% that owns stocks and the DOW is at all time records. Interesting. So sorry to see your wealth is down puddin pop. I say raise your taxes that will create more wealth for you
 
The Dude said:
The main cause is the weakened US dollar, and lower us savings rate.
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Both of which can be laid at the feet of Ben BernanQE with his monetary policy, the same policy that has resulted in the bulk of the stock markets rise. When interest rates are kept low, people gravitate toward riskier assets to invest in.

Eventually this bubble will burst as all bubbles must. It is an economic truism.
 
I Love America said:
Both of which can be laid at the feet of Ben BernanQE with his monetary policy, the same policy that has resulted in the bulk of the stock markets rise. When interest rates are kept low, people gravitate toward riskier assets to invest in.

Eventually this bubble will burst as all bubbles must. It is an economic truism.
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I know you don't like reading into stuff, rising rates correlate to rising stocks.
 
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The Dude said:
I know you don't like reading into stuff, rising rates correlate to rising stocks.
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What? Rising interest rates correlates to rising stocks? That is demonstrably false and flies in the face of recent experience.

1) cite your claim
2) how do you explain the rising DOW in the face of record low interest rates?
 
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