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HappySqurriel on 04 February 2008
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famousringo said:
misteromar mk4 said:
famousringo said:
 

That made me laugh.

I really don't get the people cheering on US economic problems. Even if you feel the US has it coming for whatever reason, a US recession means a global recession. Americans may suffer longer or harder than the rest of us, but we will all suffer to some degree.

Personally, I hope the US economy smooths out, or at least glides down to an easy landing. There are too many parallels between today and 1929. All the experts say that the Depression can never happen again, but I'd rather not risk it.

Not for Australia where I live. We are having a mining boom thanks to are Chinese friends which is pumping more money into our economy than america ever did.

 


 And why would China need all those primary resources? Oh yeah, manufacturing!

But who do they sell all those manufactured goods to... 


The Chineese (currently) manufacture a large portion of the lower cost alternatives to the "necessities" that everyone around the world uses; in a recession companies that produce low cost alternatives to "necessities" tend to do very well because people "need" these products but have limited ammounts of money to spend.