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It's more a symptom of an extremely chaotic and uncertain global economy than a weak American one. Investors are willing to pay the USG to lend it money becaus
by redthrowaway 11y ago
It's more a symptom of an extremely chaotic and uncertain global economy than a weak American one. Investors are willing to pay the USG to lend it money because American treasuries are seen as one of the few safe places left to stash your cash.
American growth is mediocre, but far less so than that of other developed nations. Europe is still scrambling to find ever-larger guns with which to blow its own feet off, Canada and Australia are realizing that building an economy on Chinese demand for resources is bound to end in tears, and the BRICS are suddenly looking much less lucrative.
The US is still the driver of the global economy, and is doing kind of okay while everyone else is a basket case.
- ZoeZoeBee 11y agoFor the time being, the problem is things aren't getting better and after numerous false starts, the problems of the world which have merely been masked over the last 8 years will have to be dealt with. Never mind the coming Demographic crisis, in Japan, China, almost all of the EU, Canada Australia and the US eventually as well, you're right we are better than most of those but all of those are hitting a brick wall