POTUS as devil or god?Typhoon wrote:I don't know. If not, then it is time for a clinical definition and name.Simple Minded wrote:The idea that the POTUS is more influential in the world and one's life than gravity is an interesting mental condition. Not just confined to Americans. It seems akin to bitching about the weather.Typhoon wrote:FT | America’s economy is cooking on shale
Not everything that happens in America is due to the lightening rod idol known as the POTUS.Earlier this year a paper released by the US Federal Reserve calculated that these [natural gas] price variations had boosted the output of American manufacturers by 3 per cent since 2006, while raising investment by 10 per cent and jobs by 2 per cent; the impact on specific energy-linked industries was far higher. However, the IMF’s research suggests that the difference in energy costs has boosted US manufacturing exports by 6 per cent, and it argues that each 10 per cent fall in the relative price of natural gas in the US will boost US industrial production by a further 0.7 per cent, compared to that of Europe.
At first glance, this 0.7 per cent differential may not sound important. But if this gap is maintained over several years, the impact for competitiveness and output will be significant. It is not just the productivity statistics that matter; what the shale gas revolution has also done is create something that the IMF report does not mention: a transatlantic gap in psychology.
Is there a medical term?
Abusive or loving mother/father figure?
Scapegoat or Savior?
Modern version of ancient gods?