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Where Will Growth Come From?

Discussion in 'The Economy' started by Tropo, 13th May, 2009.

  1. Tropo

    Tropo Well-Known Member

    17th Aug, 2005
    Where Will Growth Come From?

    ....Not even China can direct its economy from savings to consumption overnight and its government holds all the marbles.
    If China can’t transition to a demand-led economy how can the US export its way to prosperity ahead? Germany and the Euro Zone will go American? This is a world of lessons learned and if there is any lesson learned it is don’t count on leverage to buy ones way to happiness.
    Having a savings for a rainy day is wise, not cheap. Europe for the most part (excluding the UK which did behave very American-like in the last decade) does not need to learn a lesson it already knows…the wisdom of saving...

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