World Economic News (Wed 9th. Feb ’11)

Withholding taxes, Consumer credit, Savings rate, State and local taxes, Mutual fund flows, Nikkei / S&P, Goldman Sachs, Japan, Europe, Indonesia.

Links – 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12.


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  • Jantje

    Yes i also never understand why in China someone gets something like 150 euros for working 6 or 7 days a week, everyday 16 hours.
    And here in Europe they work maybe 8 hours a day, 6 days a week, and they get maybe 2500 euro for only shuffling paper work, or drinking coffee while discussing important issues. Maybe because we need a lot of money to pay for the stuff that China produces? You need a balance between producers and consumers. Then i prefer to be the second type.

    • Jantje

      i mean in europe they “work” 4 or 5 days a week, not 6 of course. At least if you include the gossiping and coffee drinking and walks through the city as work time.

    • It does deserve getting a drink, putting one’s feet up…..and thinking hard about………at least until an easier `think` comes to mind~!

  • Stevo

    We probably get paid more because 1) There’s more of our money around than theirs 2) There are fewer of us than of them so it gets spread thicker in the west 3) They still think we in the west rule the world and we still think so too (well most westerners do) and 4) They’ve yet to totally strip bare their natural environment (because that’s where wealth really comes from) but their catching up.

    • Number 3, sounds about right.

      • CSArichardo

        I still think #1 is important and that is why China will stay pegged to the US dollar. They need to get more yuan into global circulation. That also supports the concept that their wages will rise more than ours will decline. Of course I might have that all wrong!

  • Stephenbarron725

    lift up the countrys then crash them down and watch the results…..