PeakTrader.com

[administrator]

PeakTrader said...

Actually, the U.S. has been the main engine of global growth, not only because it leads the rest of the world combined in the Information and Biotech Revolutions (in both revenue and profit), it has been a "black hole" in the global economy, attracting imports and capital, and even the owners of that capital themselves.

This global "train wreck," including in Europe and China, originated in the U.S..

And the U.S. has been the engine pulling China's economy, not the other way around.

When the U.S. engine stopped in 2009, China had to implement a huge $586 billion stimulus package.

Europe is collapsing from anemic U.S. growth (or anemic U.S. growth is contributing to Europe collapsing).