cdh

Can China Take Up Consumption Slack From the U.S.?

I don't know where all this talk of the US consumer "saving" comes from, it's not saving that's happenning, it's a desperate attempt to keep up with paying bills. It will take most US families for all practicle purposes, "forever", to even begin to be able to save anything. Real average wages haven't increased in 30 years. The question is how long will it take for these average consumers to get significant wage increases? I think that the answer to that question is a very long and painfull time.