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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GST who wrote (90241)1/7/2008 5:01:20 PM
From: Archie Meeties  Read Replies (2) of 110194
 
It's not an either/or proposition. The standard of living has been rising globaly now for 20 years with a few interuptions. The expansion of the US economy has had a big part of that, as has continued growth in Europe. The arrival of property rights and other steps toward a market economy in China as well as access to the freest markets has lifted much of Asia out of widespread poverty. Demand for raw materials from the densely populated areas of the world has in turn been good for resource rich economies in South America and the Mid East, who are for once, starting to build infrastructure. Really the only area of the world that hasn't benefited is Subsaharn Africa.
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