John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Cogito Ergo Sum who wrote (12270)	4/10/2009 7:21:17 PM
From: Hawkmoon	Read Replies (2) of 33421

One country is busted, has consumers with low to no savings, rising unemployment and counts heavily on consumer spending for growth and financial services. Yep.. But the people we owe most of the money to aren't willing to call our loans because they depend on maintaining export leverage, if not increasing it. They want their currency to maintain with the US, or even depreciate, while repatriating their profits and selling US denominated debt/assets would create the opposite trend. I know we're screwed.. But I just can't help but have the sense that the mercantilist nations like China are screwed, blued, and tatooed.. I'm just not sure how well their government will be able to handle the social upheavals that are mounting there. Sure they have $2 Trillion in reserves, but they can burn through that REALLY QUICK if the US isn't buying stuff from them. Hawk

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