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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 ex

by 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.