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I am long on America as well. But I agree Yada Yada. Our consumption was largely funded overseas. Those blocs of nations mentioned do not NEED us. They are opportunitists and certainly have profited. But capital goes where it is best served. I speculate that America will be a great place to redeploy capital for foreigners - five years from now. That said, the moves the national blocs are making are protectionist. You just started seeing coordinated Central Bank policies. The time to take the credit punch bowl away was 2005. The time to begin righting the trade imbalance with China was also this time.
Jan 09 10:07 am
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All Comments by Jason Rines (iThinkBig) »America: Is This the End of an Era? [View article]
The time to deploy strong domestic fiscal stimulus was 2007. Senator Kerry had it right in his 2007 Small Business plan. The pillars of job creation and entrepenuarship was crushed as was the middle class, so of course it was no suprise the platform on top was going to fall off. You could see this train wreck coming from a mile away.