[quote=nostradamus][quote=fat_lazy_union_worker]
In the short term/middle term, the world economy is too intertwined with U.S. consumers to severe ties with USD or the US economy right now. What the US brings to the table is a pool of consumers that often spend $2 for every $1 they have, and there is no other pool of consumers in the rest of the world that can substitute that in the short term. [/quote]Funny I was listening to NPR and you’re right: they will never find a consumer group as big as ours that spends more than it earns; however, they said Americans spend $1.27 for every dollar earned while Brits spend $1.65 for every dollar earned… It will be interesting to see how things pan out in England.[/quote]
Interesting, I never knew that about U.K. I would have thought with them considered “old money”, they would have already learned their lessons countless times. UK doesn’t look so hot these days either, if I’m not mistaken.
