Quote:
Originally Posted by yys
First of all the U.S. was never in a recession. Second, just like every other time the US economy has become weak it takes a while before that weakness works its way into other countries economies. The U.S. economy will be on the uptick well the rest of the world will still be feeling the symptoms of the U.S. slowdown.
When the U.S. sneezes the rest of the world catches a cold.
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I'm curious as to what countries will do for money after their precious oil becomes nearly worthless black goo. Maybe not in 10 or 20 years...but eventually it will happen. The American people are tired of sending their money overseas and a lot of us are willing to spend extra to develop domestic technology to prevent it from happening again...ever. Wind power, natural gas, advanced battery technology, it's all coming along faster and stronger than ever. The days of "Big Oil" are numbered.