thannagan

Will This Economy Ever Create Job Growth?

The US consumer can't spend a lot more any time soon without releveraging. That can't happen, (unemployment, lower net assets, and tighter credit) and probably shouldn't in any event. The US economy can't rely on the US consumer being a growing 70% or more of the action, for a very long time. The consumer goods action needs to go where the global growth in spending is greatest - emerging markets anyone. There are savers aplenty, that want toys like ours, but they aren't in the tapped-out US. The US consumer binges are over for some time - perhaps a generation. So, whoever adapts to this well, and sooner than others, will win. Those who wait on the old normal to return will wait a long time. So, I like foresighted names with global views and inovative products or marketing capability - US based or others.