The End is Near: We Just Enjoyed the Last Christmas in America

[mai]

Teeqoz said:

mai said:

Teeqoz said:
US is certainly not the only country in economic trouble. China's rapid growth has stopped (and their real-estate bubble is way worse than the US' bubble!), Russia's economy is quickly going down the crapper etc.

You're missing the point. First of all, we're talking about global economy and therefore everyone is interconnected at some level. Second of all, you repeat stereotypes.

I'm missing the point? I merely said that a lot of other countries are in trouble as well.

 

What stereotypes? The truth?

Uh-huh, you're being defensive in the way "b-but, eveyone else is even worse (or the same)", while the purpose of the thread is to discuss the problems of global economy. The core problems lie within the main beneficiaries of it of course, aka the US and EU. That's why I didn't start it with, say, aritcle on the state of Chinese economy.

For example, Chinese housing bubble being bigger. It's bigger only if you don't count a stockpile of derivates that surround similar bubble in the US.