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What the Iran war means for Ukraine

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  • Author
1 minute ago, TedG said:

Sorry....Europe is dying continent. You brag about the awesome GDP and PPP, yet they can't defend themselves without big daddy helping. The GDP growth is low, and they don't innovate.

https://ecaef.org/europes-innovation-problem/

And yet the US defense industry depends on them for many high tech products.

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14 minutes ago, Alan Zweibel said:

And yet the US defense industry depends on them for many high tech products.

The usa controls the majority of all high quality quartz worldwide. Which is essential in military arms.

They all need each other in one way or another.

  • Author
1 minute ago, blaze master said:

The usa controls the majority of all high quality quartz worldwide. Which is essential in military arms.

They all need each other in one way or another.

And China controls most of the supply of rare earth's. As a certain President learned to his chagrin.

3 minutes ago, Alan Zweibel said:

And China controls most of the supply of rare earth's. As a certain President learned to his chagrin.

So as I said....they all need each other.

24 minutes ago, Alan Zweibel said:

First off, you'll note he said the US and the EU need each other. On top of that, he included nuclear weapons in expenses. France already has them. And the UK, while not an EU member, also has a nuclear force.

In fact, the EU provides a lot of high tech components used by the US defense industry.

The EU needs the USA more than the USA needs the EU.

25 minutes ago, Alan Zweibel said:

And yet the US defense industry depends on them for many high tech products.

The only thing Europe leads the world in is smug virtual signaling. Germany killed its institutional base with stupid green polices. France is going broke with its huge pension plans. The high taxes in Europe strangle growth.

As per projections by the IMF for 2025, with $30,507 billion, the United States is leading by $10,516 billion, or 1.53 times of the EU ($19,991 billion) on an exchange rate basis. On a purchasing power parity basis, the margin is less as the United States is ahead by Int. $1,330 or 1.05 times of the EU (Int. $29,176 billion). According to estimates by the World Bank from 1960 to 2024, the US has had a higher GDP for 52 years, and the European Union has had a higher GDP for 13 years. 2011 was the latest year when the European Union had a higher GDP than the United States. The ratio between these two was highest at 1.90x in 1960, in favor of the US. With 1.16x of the US's GDP in 1980, the ratio was highest in favor of the EU. Both economies have been neck-to-neck in PPP terms, as the US is leading most at the time.

As of 2025, the United States is almost double richer than the EU, and even in ppp, its figure is 38% higher than that of the European Union. The US had a greater GDP per capita than the EU since 1960

  • Author
4 minutes ago, TedG said:

The EU needs the USA more than the USA needs the EU.

Just a silly statement. If the EU were to vanish tomorrow, the effects on the US economy would be catastrophic. The world's major economies are intertwined in a way that they haven't been before, and tariffs aren't going to undo that.

  • Author
Just now, TedG said:

The only thing Europe leads the world in is smug virtual signaling. Germany killed its institutional base with stupid green polices. France is going broke with its huge pension plans. The high taxes in Europe strangle growth.

As per projections by the IMF for 2025, with $30,507 billion, the United States is leading by $10,516 billion, or 1.53 times of the EU ($19,991 billion) on an exchange rate basis. On a purchasing power parity basis, the margin is less as the United States is ahead by Int. $1,330 or 1.05 times of the EU (Int. $29,176 billion). According to estimates by the World Bank from 1960 to 2024, the US has had a higher GDP for 52 years, and the European Union has had a higher GDP for 13 years. 2011 was the latest year when the European Union had a higher GDP than the United States. The ratio between these two was highest at 1.90x in 1960, in favor of the US. With 1.16x of the US's GDP in 1980, the ratio was highest in favor of the EU. Both economies have been neck-to-neck in PPP terms, as the US is leading most at the time.

As of 2025, the United States is almost double richer than the EU, and even in ppp, its figure is 38% higher than that of the European Union. The US had a greater GDP per capita than the EU since 1960

This topic is about what the iran war means for ukraine. If you want to start a new topic about the EY. then do so.

Just now, Alan Zweibel said:

This topic is about what the iran war means for ukraine. If you want to start a new topic about the EY. then do so.

You went down this rabbit hole with me. At this point, I accept your surrender.

  • Author
25 minutes ago, TedG said:

You went down this rabbit hole with me. At this point, I accept your surrender.

If the mods let this stand tomorrow I will engage you on your foolish caricature of the EU.

  • Author
1 hour ago, Yagoda said:

assertion about what lol? You bored with life evidently

Thanks for the non-sequitur.

Ukraine who? 👈 That sums it up.

47 minutes ago, Alan Zweibel said:

Stop tying me to your claims.

No, if you don't like it, flag it.

  • Author
2 hours ago, khaosokman said:

I never cared. You don't either. You just got nothing better to worry about.

Whatever the truth about your feelings, the fact is you dropped your defense.

  • Author
2 hours ago, khaosokman said:

Do you spend your week reading Wiki for info?

Making it personal is a sure sign that you've got nothing.

1 hour ago, Alan Zweibel said:

Whatever the truth about your feelings, the fact is you dropped your defense.

Maybe you enjoy war deaths. It sounds like it

1 hour ago, Alan Zweibel said:

Making it personal is a sure sign that you've got nothing.

Are you ok?

2 hours ago, Alan Zweibel said:

Just a silly statement. If the EU were to vanish tomorrow, the effects on the US economy would be catastrophic. The world's major economies are intertwined in a way that they haven't been before, and tariffs aren't going to undo that.

Not really as they mainly trade with Canada and Mexico.

4 hours ago, Alan Zweibel said:

You make a claim and instead of backing it up with argument or evidence you say people don't care. That's a retreat.

Making it personal is a sure sign you have got nothing.

4 hours ago, Alan Zweibel said:

Apparently, in your world, it's either All or nothing.

Making it personal is a sure sign you have got nothing.

3 minutes ago, Alan Zweibel said:

On a nominal basis

Making it personal is a sure sign that you've got nothing.

Making it personal is a sure sign you have got nothing

  • Author
10 hours ago, khaosokman said:

Not really as they mainly trade with Canada and Mexico.

Making things up much? In fact, European exports to the USA were over 5 times the combines exports to canada

image.png

https://tradingeconomics.com/european-union/exports/united-states

image.png

https://tradingeconomics.com/european-union/exports/canada

image.png

https://tradingeconomics.com/european-union/exports/mexico

In 2025, the EU exported €554.0 billion worth of goods to the United States and imported €354.4 billion, resulting in a €199.6 billion trade surplus. Compared with 2024, both exports and imports increased by 3.4% and 4.8%, respectively.

2 hours ago, Alan Zweibel said:

Making things up much? In fact, European exports to the USA were over 5 times the combines exports to canada

image.png

https://tradingeconomics.com/european-union/exports/united-states

image.png

https://tradingeconomics.com/european-union/exports/canada

image.png

https://tradingeconomics.com/european-union/exports/mexico

In 2025, the EU exported €554.0 billion worth of goods to the United States and imported €354.4 billion, resulting in a €199.6 billion trade surplus. Compared with 2024, both exports and imports increased by 3.4% and 4.8%, respectively.

That is not a country.

  • Author
2 hours ago, khaosokman said:

That is not a country.

That is irrelevant. Hears what and wrote and the comment you replied to:

image.png

Clearly, your comment was an assertion that the EU mainly traded with Canada and Mexico.

  • Author
22 hours ago, Alan Zweibel said:

If the mods let this stand tomorrow I will engage you on your foolish caricature of the EU.

The simplest way to show that that EU has kept pace with the US is to show GDP in terms Purchasing Power Parity as the gauge. Here are a couple of charts from Paul Krugman, a winner of the Nobel Memorial Prize in Economics:

image.png

https://paulkrugman.substack.com/p/europe-v-america-whos-really-winning

image.png

https://paulkrugman.substack.com/p/europe-v-america-whos-really-winning

You might also want to compare life expectancy in the EU vs. the USA.

Even the richest Americans face shorter lifespans than their European counterparts, study finds

"The researchers also highlighted a “survivor effect” in the U.S., where poorer individuals with worse health outcomes were more likely to die earlier, leaving behind a population that is healthier and wealthier as age groups progress. This creates the illusion that wealth inequality decreases over time, when in reality it’s partly due to the early deaths of the poorest Americans.

“Our previous work has shown that while wealth inequality narrows after 65 across the U.S. and Europe, in the U.S. it narrows because the poorest Americans die sooner and in greater proportion,” Papanicolas said."

https://www.brown.edu/news/2025-04-02/wealth-mortality-gap

1 hour ago, Alan Zweibel said:

The simplest way to show that that EU has kept pace with the US is to show GDP in terms Purchasing Power Parity as the gauge. Here are a couple of charts from Paul Krugman, a winner of the Nobel Memorial Prize in Economics:

image.png

https://paulkrugman.substack.com/p/europe-v-america-whos-really-winning

image.png

https://paulkrugman.substack.com/p/europe-v-america-whos-really-winning

You might also want to compare life expectancy in the EU vs. the USA.

Even the richest Americans face shorter lifespans than their European counterparts, study finds

"The researchers also highlighted a “survivor effect” in the U.S., where poorer individuals with worse health outcomes were more likely to die earlier, leaving behind a population that is healthier and wealthier as age groups progress. This creates the illusion that wealth inequality decreases over time, when in reality it’s partly due to the early deaths of the poorest Americans.

“Our previous work has shown that while wealth inequality narrows after 65 across the U.S. and Europe, in the U.S. it narrows because the poorest Americans die sooner and in greater proportion,” Papanicolas said."

https://www.brown.edu/news/2025-04-02/wealth-mortality-gap

I find it strange to see graphs with only two straight lines representing economic data. Don't you? 

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