Comments on: What doesn’t kill emerging markets makes them stronger… right? http://blogs.reuters.com/ian-bremmer/2013/01/17/what-doesnt-kill-emerging-markets-make-them-stronger-right/ Fri, 05 Dec 2014 14:27:05 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: AdamSmith http://blogs.reuters.com/ian-bremmer/2013/01/17/what-doesnt-kill-emerging-markets-make-them-stronger-right/#comment-577 Mon, 21 Jan 2013 03:21:19 +0000 http://blogs.reuters.com/ian-bremmer/?p=577#comment-577 Ian Bremmer, where are you from? Do you actually live in America and talk with anybody except the wealthy?

America’s middle class has been hollowed out, and shows no signs of recovery, but rather signs of accelerating damage.

What do you consider America, the physical land, or the people who were born here? Immigration into America is like a hurricane, affecting everything. Two weeks ago it was announced that 155,000 new jobs were created in America.

What failed to make the news was that last month over 100,000 peope immigrated to America LEGALLY. That 100,000 doesn’t count the illegal immigrants, which are thought to be very much greater than the legals.

So, of the 155,000 new jobs last month, bragged about by the Administration, almost 2/3 of them went to immigrants.

Meanwhile the careers of American-born middle class are being destroyed en masse. You tell them to wait, be patient. Their children are growing up, they cannot wait. Their livelihoods, everything they worked for are destroyed.

Immigration has two prominent lethal effects on the American working class:
1. Immigration drives wage rates down.
2. Immigration drives rents up.

So what if GDP goes up, if it is due mostly to the massive influx of immigrants?

So what if railroad tonnage goes up if wage rates everywhere in America are going down?

So what if American real estate prices are going up, because it is wealthy South Americans and Chinese that are buying up properties on every corner?

America the land will be here alright, but according to your line of thinking, perhaps we should be contented if Chinese investors and Saudi Arabian citizens buy all the American real estate, and then gently move the Americans out.

Then you could write that America is doing very, very well — much financial activity, and good antifragility.

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By: reality-again http://blogs.reuters.com/ian-bremmer/2013/01/17/what-doesnt-kill-emerging-markets-make-them-stronger-right/#comment-576 Fri, 18 Jan 2013 21:17:55 +0000 http://blogs.reuters.com/ian-bremmer/?p=577#comment-576 Why would anyone worry about South Africa? The size of that country’s economy is equivalent to that of one medium-sized US city.
The situation in Europe is still problematic and volatile, and not really improving. Expect serious social unrest in major countries such as Italy and Spain, and a possible crisis ‘1968 style’ in France, with this ‘core’ country effectively moving into the ‘periphery’ zone.

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By: jjannicola http://blogs.reuters.com/ian-bremmer/2013/01/17/what-doesnt-kill-emerging-markets-make-them-stronger-right/#comment-575 Thu, 17 Jan 2013 18:48:38 +0000 http://blogs.reuters.com/ian-bremmer/?p=577#comment-575 Your headline is grammatically incorrect – what “doesn’t” kill “makes” stronger (or what “don’t” kill “make” stronger).

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