Word: gdp
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...this right? Well, it could be. But here is the way I see it. The rest of the world saves too much and consumes too little. If the U.S. had not gone on a relative consumption binge from 1998 to today, wherein consumption went from 67% to 71% of GDP, we would have suffered not a multiyear bear market but a global deflationary depression precipitated by the Asian collapse, the Russian debt default and the failure of Long Term Capital Management...
...friend Chris Davis [head of Davis Financial Advisors] told me he was once concerned about how much the U.S. spends on health care as a percentage of GDP. Surely 12% or 13% was unsustainable? He asked Charlie Munger, vice chairman of Berkshire Hathaway. "Who knows?" Charlie said. "How much is the right amount for a rich society whose population is aging and whose material needs are being met? Fifteen percent? Twenty? Thirty? Fifty? We have no idea...
...children, we are not able to impart skills to our young men and women, and we are not able to get productive work out of them. If we can get another 200 million to 300 million people to join the ranks of those engaged in productive activity, India's GDP will soar...
...significant portion of the Mexican GDP was represented around that table,” Maybury-Lewis said...
...such as the Czech Republic, may have already surpassed their Kyoto targets. Yet the ets has its own goals, capped closer to today's actual emissions. The Czech Ministry of Industry and Trade says the country needs at least 100 million E.U. allowances if it is to sustain its gdp growth rate of about 4% from this year to 2007. Too few allowances could stifle growth in the new E.U. states, while too many would not motivate investment in cleaner technologies. Meanwhile, some larger countries are dragging their feet. Italy, Poland, Greece and the Czech Republic have submitted national plans...