DISQUS

Stevie b. · 1 month ago

Ed - as ever, thanks for the Roach link:

"... America’s consumption is close to $9 trillion while China is about $1.2 trillion and India about $650 billion. There is no one who has stepped up to the plate on the demand side to fill the void of the American consumer. This situation will continue for at least three to five years."

This is an interesting time-speculation from someone who's opinions should be respected. I am slightly bothered by the "at least", but -at least- we can perhaps assume that somehow any withdrawal/reversal of QE will be further complicated by this time-scale of say 5 years. Is 5 years too long to stop the global economy from implosion in the meantime? Let's hope against hope that we can somehow muddle though until the Indians and Chinese can in the nick of time come riding to our rescue.

Edward Harrison · 1 month ago

That is the hope, isn't it?