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Old 09-03-2012, 09:15 PM  
DTK
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good points biggy2

what most people don't realize is how interconnected the world economy is.

the combined european GDP is about $14 Trillion, about 1/3 the total world gdp. The US GDP is about $12 Trillion, another 1/3 of world gdp. when one slows down, it has a negative effect that ripples across the globe. when they slow down in unison (including china as you mention), it's an unavoidable downward trend that is far above the silly democrat v. republican bullshit.

but good luck explaining that to low-information people who have no concept of global economics

ps. greece isn't going to be kicked out of the euro zone, and while the Euro is probably headed back to 1-1 with the dollar, they'll be ok long term. they're going to do what we ended up doing - fire up the printing press and stimulate themselves out of disaster.
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Last edited by DTK; 09-03-2012 at 09:29 PM..
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