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A comment on U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected. Parent comment

Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by csomar on Thursday October 26, 2023 @09:58AM (#38025649)
I believe we are in the first stages of the implosion of the US dollar and the US financial system but since it's a huge system it's happening in a motion that the typical brain does not understand. People think it'll happen in a matter of hours but that might not be the case. It might be happening right in front of our eyes but we have never had such an event so we don't know what it looks like. Until maybe 5-10 years later.
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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by matthewfelgate on Thursday October 26, 2023 @10:11AM (#38025830)
No. The USA is set to succeed in the next 10 years because of geographic and demographics.

Perhaps you're a pessimist.

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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by csomar on Thursday October 26, 2023 @10:16AM (#38025901)
I am not a pessimist. I don't believe the geography/demographics argument. Brazil had that and yet the performed really badly. Argentina has a great geography with no demographic tensions and have performed catastrophically. Also, the US is coming from a high point, not 0.
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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by oytis on Thursday October 26, 2023 @10:45AM (#38026274)
It's also that the U.S. is a developed country. Most countries are either developed or have good geography, demography and access to natural resources. U.S. has all or it.
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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by nemo44x on Thursday October 26, 2023 @10:10AM (#38025806)
Well, the world is increasingly becoming more unstable which is good news for the dollar. The US financial system will continue to excel so long as global demand for dollars remains strong.
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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by xtian on Thursday October 26, 2023 @10:40AM (#38026209)
Demand for dollars will remain strong as long as they are the least onerous way to conduct international trade for essential goods. The US makes very few of these goods domestically. Eventually the mountains of sanctions, central bank asset seizures, endless debt and money printing, and foreign policy meddling will tip the scales.
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