Join our investing community

Where Will Growth Come From?

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

  1. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,394
    Location:
    NSW
    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...
    more....
     

    Attached Files: