Chinese manufacturing slumped for a fifth month in March and the Euro zone economy is showing new signs of wilting, according to surveys revealed this week that pointed to weakening global demand. Read full article
The US is just showing a demographic bounce. FIVE years of depression so its natural that a survival bounce of people needing to replace computers, cars, and the like is going on, plus the population growth in that time. But there are still no jobs, housing is dead thus is construction (there will soon be a retail real estate crisis because so many are vacant), and they will have to implement massive spending cuts or devalue the dollar significantly, but they can't sustain the current deficits both fiscally and trade.
Both will retrench the economy back into its depression. The USA is now where they were in 1932 on the timeline.
Comments
Disclaimer & comment rulesBad news for countries like RG Land who rely on a strong China.
Mar 24th, 2012 - 09:41 am - Link - Report abuse 0RG Land is ferked.
compared to EU, Argentina is much better.
Mar 24th, 2012 - 12:21 pm - Link - Report abuse 0@2 - Tell us when you wake up from that dream.
Mar 24th, 2012 - 12:33 pm - Link - Report abuse 0The US is just showing a demographic bounce. FIVE years of depression so its natural that a survival bounce of people needing to replace computers, cars, and the like is going on, plus the population growth in that time. But there are still no jobs, housing is dead thus is construction (there will soon be a retail real estate crisis because so many are vacant), and they will have to implement massive spending cuts or devalue the dollar significantly, but they can't sustain the current deficits both fiscally and trade.
Mar 24th, 2012 - 01:38 pm - Link - Report abuse 0Both will retrench the economy back into its depression. The USA is now where they were in 1932 on the timeline.
@3 Stefan
Mar 24th, 2012 - 01:43 pm - Link - Report abuse 0i will wake up when you wake up
what is this? a little bird told me that Greece needs more money for nothing?
go give Greece some more money please.
Now that is a slippery road,
Mar 24th, 2012 - 10:06 pm - Link - Report abuse 0Besides just because Greece has hit the wall, does not mean CFK has to follow suit, does it .
.
@2 LOL Yes, we're queuing up outside Argentine embassies all over Europe :))
Mar 25th, 2012 - 09:06 am - Link - Report abuse 0Commenting for this story is now closed.
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