European Tribune - Comments - Credit markets: "Don't panic", they beg

Credit markets: "Don't panic", they beg | 113 comments (113 topical, editorial, 0 hidden)

When our standard of living is reduced to that of Western Europe (or lower)

You're being sarcastic, right? Or are you talking GDP?

-----
sapere aude

by Number 6 on Thu Aug 9th, 2007 at 12:36:17 PM EST
[ Parent ]

Not sure I follow? I believe average per capita income for western European countries is a bit lower than the US, with several coming in above.

you are the media you consume.

by MillMan (millguy at gmail) on Thu Aug 9th, 2007 at 02:27:00 PM EST
[ Parent ]

Re: China threatens (none / 1)

As always, median would be a more useful indicator.

We don't have a huge concentration of billionaires to skew the mean, but we do have - at least we used to have - a much less extreme income distribution curve.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Aug 9th, 2007 at 07:41:47 PM EST
[ Parent ]

Re: China threatens (4.00 / 2)

I was trying to avoid that particular discussion. What is important is the perception of standard of living of US citizens - how will they react when the perception is that they're significantly worse off than Europeans. I noted the two ultimate options.

you are the media you consume.

by MillMan (millguy at gmail) on Thu Aug 9th, 2007 at 09:28:06 PM EST
[ Parent ]

Re: China threatens (none / 1)

OK, that's what I thought, thanks for clarifying.

(I was trying to avoid the "GDP"-"standard of living"-"measurements"-"perception"-"quality of life"-"damnyankee"-"oldeurope" discussion as well. No good can come of that. Sorry if I came across as snarky! :))

-----
sapere aude

by Number 6 on Fri Aug 10th, 2007 at 04:54:42 AM EST
[ Parent ]

Re: China threatens (none / 0)

Err sorry, yes I meant GDP.

you are the media you consume.

by MillMan (millguy at gmail) on Thu Aug 9th, 2007 at 02:28:22 PM EST
[ Parent ]

Credit markets: "Don't panic", they beg | 113 comments (113 topical, 0 editorial, 0 hidden)

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