4 ms·
While labor is shifting overseas, consumers are not. America is the most consumer driven economy in the world and should remain so for a bit even given the rec
by jscore 16y ago
While labor is shifting overseas, consumers are not.
America is the most consumer driven economy in the world and should remain so for a bit even given the recession (thank quantitive easing and low interest rates for that). All those trade surplus countries like Germany, China most sell to someone when their domestic consumers are not buying.
China will probably catchup at some point (in consumer demand) but that won't be for another generation or more.