Re: [FairfieldLife] America is Now No. 2

2014-12-05 Thread 'Richard J. Williams' pundits...@gmail.com [FairfieldLife] 

On 12/5/2014 4:05 PM, jr_...@yahoo.com [FairfieldLife] wrote:
>


Richard,


It's obvious that China is doing fairly today and in the past few 
years.  We really can't predict with certainty what will happen in the 
global market in the next few years.


As far as I'm concerned, it's good for me and the US to have cheaper 
gas prices in the gas station.  More likely, Saudi Arabia and the OPEC 
countries would cut down their oil production in order to get better 
prices in the world market.


But the US has its own worries and responsibilities.  Specifically, 
how can we reduce the national debt?  Who's going to pay for it?  The 
rich or the poor?

>
/"Oil and gas provide 68 percent of Russia’s exports and 50 percent of 
its federal budget. Russia has already lost almost $90 billion of its 
currency reserves this year, equal to 4.5 percent of its economy, as it 
tried to prevent the ruble from tumbling after Western countries imposed 
sanctions to punish Russian meddling in Ukraine. The ruble is down 35 
percent against the dollar since June." /


Oil Shock Streaks Across Globe From Moscow to Tehran to Caracas. Ready 
for $40?

http://tinyurl.com/kbu5szm
>




---In FairfieldLife@yahoogroups.com,  wrote :

On 12/4/2014 4:22 PM, jr_esq wrote:
>


But I'm not sure if that's good or bad.  With it's population of
a billion or more, China can produce and sell more to increase
its economic output.


>
A country the size of China can't produce very much without oil,
John. It may not be even capable of feeding it's own people in the
next few years.

It is an open question what will happen to Algeria, Iraq, and
Libya if oil prices hover at half the budget break-even costs for
a year or two, given the extreme fragility of the region and
political risk of cutting subsidies.

A world already unsettled by Russian-inspired insurrection in
Ukraine to the onslaught of Islamic State in the Middle East is
about be roiled further as crude prices plunge. Global energy
markets have been upended by an unprecedented North American oil
boom brought on by hydraulic fracturing, the process of blasting
shale rocks to release oil and gas.

According to what I've read, "oil below $70 is already playing
havoc with budgets across the global petro-nexus. The fiscal
break-even cost is $161 for Venezuela, $160 for Yemen, $132 for
Algeria, $131 for Iran, $126 for Nigeria, and $125 for Bahrain,
$111 for Iraq, and $105 for Russia, and even $98 for Saudi Arabia
itself, according to Citigroup."


'Saudis risk playing with fire in shale-price showdown as crude
crashes'
The Telegraph:
http://tinyurl.com/pw5dgfs
>



It’s official: America is now No. 2





image



It’s official: America is now No. 2


The Chinese economy just overtook the United States economy to
become the largest in the world.

View on finance.yahoo.com


Preview by Yahoo

Re: [FairfieldLife] America is Now No. 2

2014-12-05 Thread jr_...@yahoo.com [FairfieldLife] 
Richard, 

 It's obvious that China is doing fairly today and in the past few years.  We 
really can't predict with certainty what will happen in the global market in 
the next few years.
 

 As far as I'm concerned, it's good for me and the US to have cheaper gas 
prices in the gas station.  More likely, Saudi Arabia and the OPEC countries 
would cut down their oil production in order to get better prices in the world 
market.
 

 But the US has its own worries and responsibilities.  Specifically, how can we 
reduce the national debt?  Who's going to pay for it?  The rich or the poor?
 
 

---In FairfieldLife@yahoogroups.com,  wrote :

 On 12/4/2014 4:22 PM, jr_esq wrote:
 >

   But I'm not sure if that's good or bad.  With it's population of a billion 
or more, China can produce and sell more to increase its economic output.

 >
 A country the size of China can't produce very much without oil, John. It may 
not be even capable of feeding it's own people in the next few years. 
 
 It is an open question what will happen to Algeria, Iraq, and Libya if oil 
prices hover at half the budget break-even costs for a year or two, given the 
extreme fragility of the region and political risk of cutting subsidies.
 
 A world already unsettled by Russian-inspired insurrection in Ukraine to the 
onslaught of Islamic State in the Middle East is about be roiled further as 
crude prices plunge. Global energy markets have been upended by an 
unprecedented North American oil boom brought on by hydraulic fracturing, the 
process of blasting shale rocks to release oil and gas.
 
 According to what I've read, "oil below $70 is already playing havoc with 
budgets across the global petro-nexus. The fiscal break-even cost is $161 for 
Venezuela, $160 for Yemen, $132 for Algeria, $131 for Iran, $126 for Nigeria, 
and $125 for Bahrain, $111 for Iraq, and $105 for Russia, and even $98 for 
Saudi Arabia itself, according to Citigroup." 
 
 
 'Saudis risk playing with fire in shale-price showdown as crude crashes'
 The Telegraph:
 http://tinyurl.com/pw5dgfs http://tinyurl.com/pw5dgfs
 >
 
 
 It’s official: America is now No. 2
 
 
 
 
 
 It’s official: America is now No. 2 The Chinese economy just overtook the 
United States economy to become the largest in the world.


 
 View on finance.yahoo.com 
 Preview by Yahoo

Re: [FairfieldLife] America is Now No. 2

2014-12-05 Thread 'Richard J. Williams' pundits...@gmail.com [FairfieldLife] 

On 12/4/2014 4:22 PM, jr_esq wrote:
>


But I'm not sure if that's good or bad.  With it's population of a 
billion or more, China can produce and sell more to increase its 
economic output.



>
A country the size of China can't produce very much without oil, John. 
It may not be even capable of feeding it's own people in the next few 
years.


It is an open question what will happen to Algeria, Iraq, and Libya if 
oil prices hover at half the budget break-even costs for a year or two, 
given the extreme fragility of the region and political risk of cutting 
subsidies.


A world already unsettled by Russian-inspired insurrection in Ukraine to 
the onslaught of Islamic State in the Middle East is about be roiled 
further as crude prices plunge. Global energy markets have been upended 
by an unprecedented North American oil boom brought on by hydraulic 
fracturing, the process of blasting shale rocks to release oil and gas.


According to what I've read, "oil below $70 is already playing havoc 
with budgets across the global petro-nexus. The fiscal break-even cost 
is $161 for Venezuela, $160 for Yemen, $132 for Algeria, $131 for Iran, 
$126 for Nigeria, and $125 for Bahrain, $111 for Iraq, and $105 for 
Russia, and even $98 for Saudi Arabia itself, according to Citigroup."



'Saudis risk playing with fire in shale-price showdown as crude crashes'
The Telegraph:
http://tinyurl.com/pw5dgfs
>



It’s official: America is now No. 2 






image 




It’s official: America is now No. 2 

The Chinese economy just overtook the United States economy to become 
the largest in the world.


View on finance.yahoo.com 



Preview by Yahoo

Re: [FairfieldLife] America is Now No. 2

2014-12-04 Thread jr_...@yahoo.com [FairfieldLife] 

 There's another opinion stating that reducing the birthrate below the 
replacement value would eventually decimate the entire population altogether.  
That means a culture could very easily disappear.  The replacement value is 
about 2 children per family. 
 

 In Russia, their government is worried of the population decline.  So, they 
are offering monetary awards to women who decide to have children.  The same 
trend is probably applicable to the other countries in Europe.
 

 The US has about the right birthrate to maintain its present population for 
the next century.
 

 

 

 
---In FairfieldLife@yahoogroups.com,  wrote :

 The one child policy should not cause problems because over time the needed 
GDP will shrink too.  Seems conventional economists look at things halfway.  
 
 
http://letstalkbooksandpolitics.blogspot.com/2012/05/economic-advantages-of-declining.html
 
http://letstalkbooksandpolitics.blogspot.com/2012/05/economic-advantages-of-declining.html
 
 On 12/04/2014 02:22 PM, jr_esq@... mailto:jr_esq@... [FairfieldLife] wrote:
 
   But I'm not sure if that's good or bad.  With it's population of a billion 
or more, China can produce and sell more to increase its economic output.
 
 
 A few years ago, China tried to reduce its population growth by limiting 
families to one child.  If they reduce the population growth too much, they 
could end up with another problem-- which is the lack of trained people to 
maintain their economic advances.
 
 
 It’s official: America is now No. 2
 
 
 
 
 
 It’s official: America is now No. 2 The Chinese economy just overtook the 
United States economy to become the largest in the world.


 
 View on finance.yahoo.com 
 Preview by Yahoo

Re: [FairfieldLife] America is Now No. 2

2014-12-04 Thread Mike Dixon mdixon.6...@yahoo.com [FairfieldLife] 
Nation of 1 billion *only children*. Shesh! 
  From: "Bhairitu noozg...@sbcglobal.net [FairfieldLife]" 

 To: FairfieldLife@yahoogroups.com 
 Sent: Thursday, December 4, 2014 2:36 PM
 Subject: Re: [FairfieldLife] America is Now No. 2
   
 The one child policy should not cause problems because over time the 
needed GDP will shrink too.  Seems conventional economists look at things 
halfway.  
 
http://letstalkbooksandpolitics.blogspot.com/2012/05/economic-advantages-of-declining.html
 
 On 12/04/2014 02:22 PM, jr_...@yahoo.com [FairfieldLife] wrote:
  
    But I'm not sure if that's good or bad.  With it's population of a billion 
or more, China can produce and sell more to increase its economic output. 
  A few years ago, China tried to reduce its population growth by limiting 
families to one child.  If they reduce the population growth too much, they 
could end up with another problem-- which is the lack of trained people to 
maintain their economic advances. 
  It’s official: America is now No. 2
   
|  
  |
|  
  ||  
  |   It’s official: America is now No. 2  The Chinese economy just 
overtook the United States economy to become the largest in the world.|  
  |
|  View on finance.yahoo.com  |Preview by Yahoo|
|  
  |

  
   
 
  #yiv0744339704 #yiv0744339704 -- #yiv0744339704ygrp-mkp {border:1px solid 
#d8d8d8;font-family:Arial;margin:10px 0;padding:0 10px;}#yiv0744339704 
#yiv0744339704ygrp-mkp hr {border:1px solid #d8d8d8;}#yiv0744339704 
#yiv0744339704ygrp-mkp #yiv0744339704hd 
{color:#628c2a;font-size:85%;font-weight:700;line-height:122%;margin:10px 
0;}#yiv0744339704 #yiv0744339704ygrp-mkp #yiv0744339704ads 
{margin-bottom:10px;}#yiv0744339704 #yiv0744339704ygrp-mkp .yiv0744339704ad 
{padding:0 0;}#yiv0744339704 #yiv0744339704ygrp-mkp .yiv0744339704ad p 
{margin:0;}#yiv0744339704 #yiv0744339704ygrp-mkp .yiv0744339704ad a 
{color:#ff;text-decoration:none;}#yiv0744339704 #yiv0744339704ygrp-sponsor 
#yiv0744339704ygrp-lc {font-family:Arial;}#yiv0744339704 
#yiv0744339704ygrp-sponsor #yiv0744339704ygrp-lc #yiv0744339704hd {margin:10px 
0px;font-weight:700;font-size:78%;line-height:122%;}#yiv0744339704 
#yiv0744339704ygrp-sponsor #yiv0744339704ygrp-lc .yiv0744339704ad 
{margin-bottom:10px;padding:0 0;}#yiv0744339704 #yiv0744339704actions 
{font-family:Verdana;font-size:11px;padding:10px 0;}#yiv0744339704 
#yiv0744339704activity 
{background-color:#e0ecee;float:left;font-family:Verdana;font-size:10px;padding:10px;}#yiv0744339704
 #yiv0744339704activity span {font-weight:700;}#yiv0744339704 
#yiv0744339704activity span:first-child 
{text-transform:uppercase;}#yiv0744339704 #yiv0744339704activity span a 
{color:#5085b6;text-decoration:none;}#yiv0744339704 #yiv0744339704activity span 
span {color:#ff7900;}#yiv0744339704 #yiv0744339704activity span 
.yiv0744339704underline {text-decoration:underline;}#yiv0744339704 
.yiv0744339704attach 
{clear:both;display:table;font-family:Arial;font-size:12px;padding:10px 
0;width:400px;}#yiv0744339704 .yiv0744339704attach div a 
{text-decoration:none;}#yiv0744339704 .yiv0744339704attach img 
{border:none;padding-right:5px;}#yiv0744339704 .yiv0744339704attach label 
{display:block;margin-bottom:5px;}#yiv0744339704 .yiv0744339704attach label a 
{text-decoration:none;}#yiv0744339704 blockquote {margin:0 0 0 
4px;}#yiv0744339704 .yiv0744339704bold 
{font-family:Arial;font-size:13px;font-weight:700;}#yiv0744339704 
.yiv0744339704bold a {text-decoration:none;}#yiv0744339704 dd.yiv0744339704last 
p a {font-family:Verdana;font-weight:700;}#yiv0744339704 dd.yiv0744339704last p 
span {margin-right:10px;font-family:Verdana;font-weight:700;}#yiv0744339704 
dd.yiv0744339704last p span.yiv0744339704yshortcuts 
{margin-right:0;}#yiv0744339704 div.yiv0744339704attach-table div div a 
{text-decoration:none;}#yiv0744339704 div.yiv0744339704attach-table 
{width:400px;}#yiv0744339704 div.yiv0744339704file-title a, #yiv0744339704 
div.yiv0744339704file-title a:active, #yiv0744339704 
div.yiv0744339704file-title a:hover, #yiv0744339704 div.yiv0744339704file-title 
a:visited {text-decoration:none;}#yiv0744339704 div.yiv0744339704photo-title a, 
#yiv0744339704 div.yiv0744339704photo-title a:active, #yiv0744339704 
div.yiv0744339704photo-title a:hover, #yiv0744339704 
div.yiv0744339704photo-title a:visited {text-decoration:none;}#yiv0744339704 
div#yiv0744339704ygrp-mlmsg #yiv0744339704ygrp-msg p a 
span.yiv0744339704yshortcuts 
{font-family:Verdana;font-size:10px;font-weight:normal;}#yiv0744339704 
.yiv0744339704green {color:#628c2a;}#yiv0744339704 .yiv0744339704MsoNormal 
{margin:0 0 0 0;}#yiv0744339704 o {font-size:0;}#yiv0744339704 
#yiv0744339704photos div {float:left;width:72px;}#yiv0744339704 
#yiv0744339704photos div div {border:1px solid 
#66;height:62px;overflow:hidden;width:62px;}#yiv0744339704 
#yiv0744339704photos div label 
{color:#66;font-size:10px;overflow:hidden;text-align:center;whit

Re: [FairfieldLife] America is Now No. 2

2014-12-04 Thread Bhairitu noozg...@sbcglobal.net [FairfieldLife] 
The one child policy should not cause problems because over time the 
needed GDP will shrink too.  Seems conventional economists look at 
things halfway.


http://letstalkbooksandpolitics.blogspot.com/2012/05/economic-advantages-of-declining.html

On 12/04/2014 02:22 PM, jr_...@yahoo.com [FairfieldLife] wrote:


But I'm not sure if that's good or bad.  With it's population of a 
billion or more, China can produce and sell more to increase its 
economic output.



A few years ago, China tried to reduce its population growth by 
limiting families to one child.  If they reduce the population growth 
too much, they could end up with another problem-- which is the lack 
of trained people to maintain their economic advances.



It’s official: America is now No. 2 






image 




It’s official: America is now No. 2 

The Chinese economy just overtook the United States economy to become 
the largest in the world.


View on finance.yahoo.com 



Preview by Yahoo

[FairfieldLife] America is Now No. 2

2014-12-04 Thread jr_...@yahoo.com [FairfieldLife] 
But I'm not sure if that's good or bad.  With it's population of a billion or 
more, China can produce and sell more to increase its economic output.
 

 A few years ago, China tried to reduce its population growth by limiting 
families to one child.  If they reduce the population growth too much, they 
could end up with another problem-- which is the lack of trained people to 
maintain their economic advances.
 

 It’s official: America is now No. 2 
http://finance.yahoo.com/news/official-america-now-no-2-150936444.html

 
 
 http://finance.yahoo.com/news/official-america-now-no-2-150936444.html 
 
 It’s official: America is now No. 2 
http://finance.yahoo.com/news/official-america-now-no-2-150936444.html The 
Chinese economy just overtook the United States economy to become the largest 
in the world.
 
 
 
 View on finance.yahoo.com 
http://finance.yahoo.com/news/official-america-now-no-2-150936444.html 
 Preview by Yahoo