08/05/10 Ouzilly, France – Want to know how to make money in this economy? You do it by selling things to markets that are growing. Exporting, in other words. China’s growing. India’s growing. Brazil is growing. Dozens of other countries are growing. Sales in the US aren’t likely to go up. But sales to China? Sales to Brazil? That’s where the money is.
And here’s something interesting – these growth economies are now largely ‘de-coupled’ from the US. They don’t need us anymore. We’ve done our part. Thanks to clever management by the feds, Americans went deeply in debt so that these emerging market economies could grow. They put up factories. We bought their output. They logged a sale. We added a debt.
And now, we can’t continue. We’ve taken on all the debt we can handle. They’ve got their factories, their capital and their skilled labor. We’ve got debts, debts and more debts.
Read more : Here
And here’s something interesting – these growth economies are now largely ‘de-coupled’ from the US. They don’t need us anymore. We’ve done our part. Thanks to clever management by the feds, Americans went deeply in debt so that these emerging market economies could grow. They put up factories. We bought their output. They logged a sale. We added a debt.
And now, we can’t continue. We’ve taken on all the debt we can handle. They’ve got their factories, their capital and their skilled labor. We’ve got debts, debts and more debts.
Read more : Here
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