linear algebra

BMW Shifts Cars from U.S.: A Sign of Decoupling?

Interesting point, from a European perspective. From an Asian one, the Eurozone has replaced the United States as China's largest trading partner. One need not deny that the American consumer is a critical piece of global consumption patterns to acknowledge that the role of the American consumer is slowly diminishing. And, if it's true that an American recession would actually make it easier for emerging Asian economies such as India to control overheated growth and such as the Phillipines to keep a lid on food and commodities inflation, that puts the United States in the rather awkward of position of watching its internal discomfort have positive international repurcussions, which, of course, is the antithesis of the old 'our dollar, your problem'/'when America sneezes the world catches cold' attitudes.