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Truly a global economy
Anyone else get the feeling in the last few days that apparently US taxpayers aren't just responsible for bailing out their own economy, but apparently the world as well?
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--- The following markets have tanked waiting on a US taxpayer response: - Canada - Japan - China - Germany - UK - Russia - Australia Some interesting quotes: Quote:
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What's really annoying is that most countries are also partly responsible for our economic problems. The past 7 years, Every country benefited from our economy. Now that the party is over, they don't feel like they should help clean up. If they think they can have their cake and eat it too, too bad. Only one that really sticks around to help is China. UK and Europe is like your friend who conveniently forgets his wallet whenever you go out to eat.
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Well that isn't really true. Multiple central banks in Europe and Asia have pored BILLIONS into the global money market to stabilize as best it can. |
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