Quote:
Originally Posted by TexasSP
or to service deficit. If I borrowed to service deficits in my spending I would never get out of debt.
Unfortunately I don't think many will be immune to these issues. While the US is the biggest piece of the pie it's not the only. People tend to lay blame on the US quite freely but EVERYONE has been a part of this.
The really interesting part to me is I believe that China is going to take the biggest hit themselves. No different than the banks financing bad debt except for the fact no one will be bailing China out.
|
You're right, the US can't take all the blame but with an economy 3 times larger than the next closest it plays a significant role in keeping things stable
China...yeah, once it's customers don't have any money to spend it's curtains for them
Threaded Mode
