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And China made the US its source of income. The relationship works both ways. The consumer market in China is a disaster.

• ethbr1 2y ago
  Hard to have a strong consumer market with 17%+ youth unemployment.
  • xxpor 2y ago
    And the reason there's 17%+ youth unemployment is because there's a weak consumer market! This is what happens when you structure your entire economy around exports: artificially weak currency, capital controls, artificially low wages, etc.
    • dmoy 2y ago
      Well also the 50%+ savings rate for a long time (down to the 30%s maybe ten years ago, then back up for awhile) If everyone in the US saved 30-50%+ it would not go well for our consumer market either.
      • xxpor 2y ago
        Absolutely.