Just Another Way.............
Your data is just another way of saying we are slipping further behind. Percentages mask facts. Nobody deposits percentages or buys with percentages. Cold hard cash is the issue.
Two entities. One with $1 000 000.00 generating fixed net revenues of 12% annually or $120 000.00, the other with $10 000 000.00 generating fixed net revenues of 10% annually or $1 000 000.00 annually. Percentage wise you will always show that the first is doing better than the second(12% is better than 10%) BUT will the first ever catch the second?
No. After ten years the first will have $2 200 000.00 while the second will have $20 000 000.00. The gap will have risen from $9 000 000.00 to $17 800 000.00 and will continue growing with time.
Not being an economic alarmist. Just saying that I fail to see the purpose of discussing who has the shinier or dirtier penny when others are making dollars.
JustBob said:1. Comparing the growth of countries like the former Soviet Bloc and China for the past 20 years to that of Canada is like comparing apples to oranges.
2. Despite beeing the smallest country in the G8, Canada ranks 3rd in GDP per capita behind the US and the United Kingdom. Canada's GDP grew by 1.2% annually between 1990 and 1994, 3.7% between 1995 and 1999, and 3.1% between 2000 and 2004, placing it sixth, second and first in the three periods.
So, Canada is doing pretty well compared to other industrialized nations.
It looks like we also have economic "alarmists".
Your data is just another way of saying we are slipping further behind. Percentages mask facts. Nobody deposits percentages or buys with percentages. Cold hard cash is the issue.
Two entities. One with $1 000 000.00 generating fixed net revenues of 12% annually or $120 000.00, the other with $10 000 000.00 generating fixed net revenues of 10% annually or $1 000 000.00 annually. Percentage wise you will always show that the first is doing better than the second(12% is better than 10%) BUT will the first ever catch the second?
No. After ten years the first will have $2 200 000.00 while the second will have $20 000 000.00. The gap will have risen from $9 000 000.00 to $17 800 000.00 and will continue growing with time.
Not being an economic alarmist. Just saying that I fail to see the purpose of discussing who has the shinier or dirtier penny when others are making dollars.