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Message Subject the u.s. Economy is in Full Recovery!!!!!
Poster Handle Anonymous Coward
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M2 money velocity and baltic dry are at or near all time lows. Which means consumer confidence is very low and the real consumers spending less than they ever have. Stock markets will always have activity because of the 401ks / superfunds.
 Quoting: Anonymous Coward 28747282


Deflation will underpin consumerism as manufacturing continues to move to Asia.

Long term, tomorrow's Aussie employees will for example, be teaching English in Asia and of course, be chasing jobs worldwide as the job market internationalises.

Capitalism must eventually collapse but for the moment, with three billion and more potential consumers and confusion reigning as to how much remains in commodities, this American and European blip is just that, a blip.
 Quoting: Marxist


If we ever got to meet face to face, I'd leave you in a pool of tears and blood.

hf
 Quoting: Carshy McCarsh


Im not to sure what you mean but consumerism is a reward of growth not the cause of it. The USA thought they get send all the hard manufacturing jobs offshore in become a service based economy. Look how that lazy idea turned out for them. Sadly Australia is much the same. Manufacturing is a good idea. It also brings a sense of healthy sentiment when making things with your lands own resources.
 Quoting: Anonymous Coward 28747282

As an example. Australia currently mines a lot of iron ore and ships to china for processing into steel beams etc. We then reimport the steel from china which was made with our own iron ore. The accounting side probably makes sense but surely Australia would be better off in the long run processing its own steel products.
 
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