New column: Let someone else buy

OK, so I just finished posting to a couple of other posts and now I read this.

Thank you. I think that you're on the right track, I can only hope that the US populace (in general) learns to appreciate the new realities where the US can no longer dominate the global trade markets (and will probably live poorer for it).

Just read the article this morning and overall I agree, especially with the analogy to the British. However, the problem with depending on the 'BIC' economies to pull the world economy out of the global slump is the inherent assumption that the rising middles classes of these nations will actually spend their new found wealth. Judging by the frugality of much of the Chinese population, isnt this assumption a risky one?

Andrew

[...] Economics - What’s happening — We have moved away from the edge of the economic cliff and now folks are realizing that the world’s economy is in trouble. Its possible that Brazil, China and India will lead us out of the mess created mostly by the USA. Time magazine’s Justin Fox has an interesting article on what has been the mantra of Investors411  here [...]