” ……………………………………………………….The American propensity to consume is not a unique talent. Any nation can emulate it so long as it finds willing lenders and suppliers. Production on the other hand is an entirely different matter. It requires free markets, limited government, the rule of law, savings, capital and hard work. The world economy will not be brought to its knees simply because Americans stop consuming. Rather it is America’s service sector economy that will collapse once the rest of the world stops propping it up.”
hippmat.. how about your unique propensity to consume other peoples time reading your long winded doom & gloom bs forecast?
(I actually only sped read the 1st & last paragraphs) Do you think anyone is actually going to read all that? You must have been Ctrl C & V’ in for days.