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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: UncleBigs who wrote (48405)12/29/2005 10:24:00 PM
From: GST  Read Replies (1) of 110194
 
<the US consumer is the driver of the entire global economy>

The assumption so many make is that this is the only way it can be -- it is the American consumer or it is nothing. This might turn out to be true -- or it might turn out to be false. Right now it is true, but as applied to the future it is merely an assumption. In my view we are seeing the high water mark of the US -- the rest of the world will need to decide if it has the wherewithall to get along in a world where the US is weaker and weaker and less central to the global economy.
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