15 Years From The Loss Of The US Economy

The front page headlines of the New York Times in September 13th reported that the median household income in the United States slipped to the 1996 level in 2010.

This means that in the 15 years from 1996 to 2010, the income of ordinary citizens in the United States did not increase.

After consulting the statistical yearbook of China (2011), I learned that between 1996 and 2010, the per capita disposable income index of urban residents in China rose from 301.6 to 965.2 (the base of 1978 was 100, the same below), and increased 2.2 times.

The tragedy of the US economy is not over yet.

The economic recovery has not started yet, and people are still debating whether the two recession will happen.

In other words, stagflation in the United States will take more than 15 years.

At present, the second hot topic of the US news is that it is difficult for the president and Congress to do so.

Despite being dragged down by domestic economic problems, the public still expects the us to lead the world, at least to lead the western world.

At the same time, EU countries are also facing serious economic problems, especially Greece, Italy, Spain and Ireland.

The 4 countries are in urgent need of assistance, but the rest of the European Union is unable to help or unwilling to help.

These serious problems in the western world mark the end of the global era.

In seventeenth Century, the technological innovation of the Industrial Revolution gave the western countries the ability to conquer and rule other countries. The western world dominated the global era from then on, with its Portuguese and Spanish terminating in the British Empire and the US empire.

China and other newly developed countries will assume the role of leading the world.

As far as China is concerned, I just published a book entitled "leading the world's China economy" this month, which discussed China's