05-15-2006, 11:47 AM
This strikes me as yet another "the whole world depends on the US" thing. Your fearmongers always seem a little self-centred. Well, when they aren't screaming about muslims anyway:D
Its right that a lot of countries have a trade surplus with the US, and its probably right that the borrowing thing (which the rest of the world have too) may hit that a bit. Certainly, the same problem is lowering spending in Britain and other European countries too.
However, remember that rush mentioned that Canada wasn't included? I'd be interested to see just how bad it looked with the rest of the world added.; Also, bear in mind that new markets are becoming prevalent, for instance China and India are becoming more and more lucrative as consumer markets.
True, there may be a recession, but its not going to be the seeming end of the financial world as put there. It won't be as sudden, nor as unexpected, as the writer seems to believe.... this kind of talk has been going on for some time and with good reason. The financial markets area already adjusting, as are the people that actually make things.
And maybe increasing debts will cut down on the increasingly dumb lawsuits you people like to indulge in:P
-> I wouldn't include that last point apart from the guy who's trying to stop pharmaceutical companies selling lifesaving drugs to the third world at a cut price, just because he has to pay a bit more.
Its right that a lot of countries have a trade surplus with the US, and its probably right that the borrowing thing (which the rest of the world have too) may hit that a bit. Certainly, the same problem is lowering spending in Britain and other European countries too.
However, remember that rush mentioned that Canada wasn't included? I'd be interested to see just how bad it looked with the rest of the world added.; Also, bear in mind that new markets are becoming prevalent, for instance China and India are becoming more and more lucrative as consumer markets.
True, there may be a recession, but its not going to be the seeming end of the financial world as put there. It won't be as sudden, nor as unexpected, as the writer seems to believe.... this kind of talk has been going on for some time and with good reason. The financial markets area already adjusting, as are the people that actually make things.
And maybe increasing debts will cut down on the increasingly dumb lawsuits you people like to indulge in:P
-> I wouldn't include that last point apart from the guy who's trying to stop pharmaceutical companies selling lifesaving drugs to the third world at a cut price, just because he has to pay a bit more.
EEEEXCEELLEEEEEEENNT!!