Will The U.S. Return To Its Former Glory?

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	Will The U.S. Return To Its Former Glory?

redbourn

7-12-2009 12:09 PM

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tags:

china, economy, recessions, depressions and recoveries, consumers, unemployed, equity loans, consumer confidence, loan

redbourn says:

Somewhat sadly, I'd have to agree with the article that the US is unlikely to return to its former greatness anytime in the foreseeable future, and the bit by the Scottish professor is fabulous.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f8744139-3818-4739-bce8-df6cc0cde5f1/182FC93A-D9CC-4C58-B974-3583553461C0/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ourchangingglobe.com/will-the-u-s-return-to-its-former-glory/" href="http://www.ourchangingglobe.com/will-the-u-s-return-to-its-former-glory/" style="font-size: 11px;">www.ourchangingglobe.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ourchangingglobe.com/will-the-u-s-return-to-its-former-glory/"><H2>Will The U.S. Return To Its Former Glory?</H2>
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				<P>It’s hard to read an article about the present economic crisis without one pundit or another talking about when the U.S. will be fully recovered and they talk in depth about previous U and V shaped recessions, depressions and recoveries.</P></DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ourchangingglobe.com/will-the-u-s-return-to-its-former-glory/"><P>This recession is so deep however, that it’s not investors that will have to bring about some kind of recovery, but consumers, and right now they’re not playing ball.</p> <P>Consumers account for around 70% of the U.S. economy and they’re the ones that took a real beating this time, and until they start spending you can forget about any serious kind of recovery.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ourchangingglobe.com/will-the-u-s-return-to-its-former-glory/">So When Will Consumers Start Fueling The Recovery?
<P>The question might be better phrased, “how will consumers start fueling the economy?”</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ourchangingglobe.com/will-the-u-s-return-to-its-former-glory/"><P>Americans will replace worn out cars and appliances of course, but who will invest in factories and businesses that build those things?</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/182FC93A-D9CC-4C58-B974-3583553461C0/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>