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US: Charts again
  • Vitaliy_KiselevVitaliy_Kiselev

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    Via: http://www.ritholtz.com/blog/2012/09/the-middle-class/

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  • 3 Replies sorted by
  • ghkqnghkqn

    There is a bright side to this ( besides I now understand why I soon cannot afford a GH3). Why would Toyota, BMW, Infinity and even EADS (Airbus) open a factory in the US. American workers are cheaper than those in Tokyo or Munich. In capitalistic phrasing, the US is getting more competitive. And that is the new equilibrium.

  • Vitaliy_KiselevVitaliy_Kiselev

    @subco

    It is not the shopping that caused debt. It is real problems and inequalities. Don't have manufacturing jobs inside the country - get more debt. More and more money goes to the top - most remaining guys get more debt (and as debt payments go to the same top guys, it make things even worse).

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