PeakTrader.com

[administrator]

PeakTrader:

China’s GDP is overstated. PPP doesn’t take into account quality differences. The (capitalist) U.S. collects more than three times more in taxes than (communist) China. Moreover, China exports much of its GDP (exports more than imports). Furthermore, China’s “growth-at-any-cost” policy ignores massive negative externalities, which make GDP growth expensive.

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We can thank Wall Street for making the U.S. economy most energy efficient.

Wall Street, in the pursuit of profit maximization, directed and accelerated the offshoring of heavy U.S. industries and directed and accelerated capital into lighter U.S. industries.

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Foreigners are willing to invest in U.S. shale oil:

Foreign Investors Help Fuel U.S. Shale Boom
April 22, 2013

“Roughly 20 percent of the $133.7 billion invested in U.S. tight oil and shale gas from 2008 to 2012 came from abroad. To date, from Asia, Japanese companies have invested $5.3 billion; Indian companies $3.55 billion; and Korean companies $1.55 billion. From Europe, U.K. companies have invested $3.95 billion; French companies $4.55 billion; and Norwegian companies $3.38 billion.”

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