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As China’s Consumers Start Spending More, U.S Consumers Will Begin to Feel the Global Economic Squeeze
As China grapples with the consequences of its devastating earthquake, it finally also has begun to confront the destabilizing forces bubbling that are bubbling up from beneath its economic landscape.
Last week, several key Chinese officials, typically not known for their candor, conspicuously noted the need to both stimulate domestic consumer spending and to bring down roaring inflation. While at first blush these two goals might appear mutually exclusive, China’s leaders do have a “magic bullet” that can hit both targets at once.
The Easy Way vs. The Hard Way
A stronger currency, commensurate with China’s increased economic strength,…
19May2008 | Money Morning | Comments Off | ContinuedU.S. Heading for a Recession? Maybe It’s Time to Get Your Financial House in Order…
A recent study done by CNN Money indicates that only 19 percent of the 1,000 Americans polled believe that the nation will avoid a recession in 2008. What is more telling is how this collective fear is beginning to mold the financial behaviors of people across the nation.
One of the many questions asked in this survey stated the following:
In the past 12 months, have you been spending about as much as you did before on most things, spending more, or cutting back on your spending compared to twelve months ago?
As you can…
21Jan2008 | S. Oakes | Comments Off | Continued
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