This is what happened when a country become an Empire..For the last 3 months I watched some DP users praised on United States economy to failed, and i realized did those people realized what they will get into if US economy is in trouble..Seem like my thinking was right..For the last couple of weeks I watched: UK, Russia, China, Japan, Israel and many all they stocks value has plunged big times...Now the question is.. all of you people that think a US failure will be good for your nation?..Did you still wished that right now.
Only ignorant people want some kind of failure of any country. As small as connection between two countries is there are some people who live because there is a connection. Anyway I don't know what you are exactly trying to say here but I don't see any countries failing. Some people will get richer and some poorer. There may be hard times for us ahead but we will all survive if we go into this cold blooded and not crazy like our grandfathers did twice in the last century
interesting thread, many country did invest money in US market but they never going to get that cash back soon because of lazy stupid Americans didn't change their business method after the Globalization
The rest of the world is just as guilty. They wanted to keep the lucrative American markets and loaned money for people to live beyond their means.
Are you serious ? What a bunch of crap..... where do you people get this stuff ? You cannot just take this situation and explain in one biased sentence like you did...oh well
When the United States contributes 25% of the Global GDP then any issues in our economy will be felt by others.
The reason why people invested here in the first place is because people from all around the world have been getting rich for a long time from investing in the U.S. economy which is fueled by us stupid, fat, lazy, arrogant (and did I mention stupid?) Americans. You have to take the good with the bad, and oh by the way, acknowledge both.
But the problem is some people are praised to a US failure..My biggest concerned is who's are those kind of people are they living on earth), don;t they think something like that will hurts any countries badly..
in oct 1 Lehman, AIG exposures cost Rs 400 crore to Private Indian Banks this type of story happened around the world
I wouldn't called Americans stupid or laziness..first if they stupid..no way me and you or others will debating right now..As for lazy is kind true, but Amicans rather let someone else do they works while benefits from big time..That's not really Lazy..like my old teacher said..That;s the smart way of working.
Agree with you Logicflux on some part..The world see Investing in US as the American dream for them..but understand we somehow benefits from making the world that we stupid and lazy.
It happened around the world largely because of people all over the world buying U.S. assets and then not having the regulation themselves in place to control it from going bad. The reason people invested here is because people have made trillions and trillions(and probably whatever is the next up above trillion) from investing here over the decades. We're not perfect. We're not invulnerable to mistakes or bad judgement. The point I'm making is that you can't really benefit economically from our wealth when it suits you and then get all self-righteous and point the finger when things go bad.
GREAT POST AGAIN...WHEN EVERYTHING WAS FINE FOREIGNERS WAS GETTING RICH IN USA ASSETS THEY DIDN'T HAVE TO SAY ANYTHING ABOUT THE USA..NOW EVERYTHING HAD GOTTEN ON THE WRONG TRACK..THEY ARE COMPLAINING...THE WORLD IS ABOUT WIN AND LOOSE..YOU CAN EXPECT EVERYTHING TO GO FINE..
Well, I can answer for myself and my country. First of all the first country in that list that is independent from US is Russia, you cant say the same about UK, Japan, China for example. Secondly, stock market in Russia at this point doesnt mean much at all (banking system is not advanced), unlike in the west. So, I didnt see any changes to prices at all, flats/houses stay at the same price unlike in UK (I've heard they got almost 50% drop). + We, had a record high wheat yield this year. I can see all the talks on TV about crisis, but thankfully, I dont feel it in my life. All I know, is that Russia had around $100 bln in US, and now its only 30 bln, the rest they moved to Europe due to this crisis. GDP figures are for statistics and its not the tool to judge. When a coffee (or any other product) in US costs x2 or x3 times more than the same product in other country for example, then the US dollar figures dont mean much. They do mean for stock markets, but I really dont give a damn if Gazprom loses half of its capitalization, cos Im not going to feel it.
FROM WHAT HEARD THINGS ARE PRETTY BAD IN RUSSIA MY FRIEND..DOESN'T MEAN YOU DON'T FEEL , EVERYTHING IS FINE..LIKE I DON'T I DON'T FEEL ANYTHING RIGHT NOW.. I STILL GOT MY JOB, STILL GETTING PAID THE SAME, ITS THAT MEAN EVERYTHING IS OK