View Single Post
  #20  
Old 10.03.2009, 19:55
dakman's Avatar
dakman dakman is offline
Forum Veteran
 
Join Date: Oct 2007
Location: NYC (heart is split between Switzerland and the Big Apple)
Posts: 1,888
Groaned at 4 Times in 4 Posts
Thanked 879 Times in 531 Posts
dakman has a reputation beyond reputedakman has a reputation beyond reputedakman has a reputation beyond reputedakman has a reputation beyond reputedakman has a reputation beyond repute
Re: Effects of recession in USA?

Quote:
View Post
[


In general, there has to be a contraction of the US economy and world economy. The US consumer has been the driving force behind the global economy and this is unsustainable.

]
This is changing.I believe very soon US economy and consumer's force will change and the world will not depend on US economy.This Depression or great Repression or whatever is setting the pace for global economic change.Others are rising e.g The US neighbour:China...

China is going to have big problems without US overconsumption.
Reply With Quote
The following 3 users would like to thank dakman for this useful post: