Strangewalk

2009 Economic Forecasts Ignore Demographic Shift

Genuine wealth creation and sustainable recovery via American manufacturing cannot return since the same factors (unions, environmental extremists, worker's comp shake-down lawyers, etc) that forced its move to China would just drive it back there again. The only kind of recovery that's plausible is a new round of credit expansion resulting from Chinese funding of US consumption. This model hopefully won't return again, so what's left?