DEBT
In particular the reluctance of the USA to live within its means.
The Rest of the World will rapidly decline to fund the excessive lifestyle of Americans.
To borrow more money to "cure" the problems now besetting the American financial system can only hasten its demise.
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POSTED BY MICKANDPETE 13 03 2007
Quote:
Originally Posted by mickandpete
Grant
The US Government,in fact the whole nation consider all foreigners to be working against their interests.
Here again the worm appears to have turned.I read recently that a line has been crossed and foreigners now earn more from their US assets than the US does from its foreign holdings. (Correction or positive data welcome )
As for the idea that everything in the US garden is rosy,the ripples from the Sub Prime mortgage market are deepening.
Those ripples are now a lot deeper
Not quite time for full storm warning
WATCH OVER THE POND VERY CAREFULLY HOWEVER