The US economy and the EU were the same size in 2008, the US is now nearly 2X
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Re: The US economy and the EU were the same size in 2008, the US is now nearly 2X
#2The entire article is worth a read: https://www.wsj.com/articles/europeans-poorer-inflation-econ...
Re: The US economy and the EU were the same size in 2008, the US is now nearly 2X
#3Brexit.
Re: The US economy and the EU were the same size in 2008, the US is now nearly 2X
#4I'd rather this be displayed on a line chart than a pair of bar graphs. 2008 is an oddly specific year, a year when the US was in the midst of the housing market collapse and ensuing chaos.
Yes, Europe was impacted too, but this chart doesn't show how much, relatively speaking.
Re: The US economy and the EU were the same size in 2008, the US is now nearly 2X
#5All “growth” in gdp seems to go to rich people. Normal people have seen stagnant wages and increased costs from the owners.
Why should I care if gdp isn’t increasing when I don’t see any gains whether it does or not?
Re: The US economy and the EU were the same size in 2008, the US is now nearly 2X
#6Brexit.
While Brexit may have had an impact, it's important to note that this refers to the Eurozone and not the EU, so it's not as simple as an explanation as the loss of the UK.
Slightly unrelated: anytime I see an article about dollars impending tumble as the world's reserve currency, I remember an article I read back in 2008 claiming the Euro was overtaking the dollar, because… rappers were flashing them in their videos. I'd be interested to see how much you could align different currencies in rap videos with currency strengths.
Re: The US economy and the EU were the same size in 2008, the US is now nearly 2X
#7All “growth” in gdp seems to go to rich people. Normal people have seen stagnant wages and increased costs from the owners. Why should I care if gdp isn’t increasing when I don’t see any gains whether it does or not?
Does all growth go to the same rich people, or do more people become rich?
Re: The US economy and the EU were the same size in 2008, the US is now nearly 2X
#8Brexit.
Did they actually not control for U.K.? They just subtracted the 6th biggest economy and ran a sensational headline?
Re: The US economy and the EU were the same size in 2008, the US is now nearly 2X
#9Re: The US economy and the EU were the same size in 2008, the US is now nearly 2X
#10All “growth” in gdp seems to go to rich people. Normal people have seen stagnant wages and increased costs from the owners. Why should I care if gdp isn’t increasing when I don’t see any gains whether it does or not?
Does all growth go to the same rich people, or do more people become rich?
A little of column A, a little of column B. But the wealth distribution across percentiles continues getting worse.