[xxpor]

And China made the US its source of income. The relationship works both ways. The consumer market in China is a disaster.

[ethbr1]

Hard to have a strong consumer market with 17%+ youth unemployment.

[xxpor]

And the reason there's 17%+ youth unemployment is because there's a weak consumer market!

This is what happens when you structure your entire economy around exports: artificially weak currency, capital controls, artificially low wages, etc.

[dmoy]

Well also the 50%+ savings rate for a long time (down to the 30%s maybe ten years ago, then back up for awhile)

If everyone in the US saved 30-50%+ it would not go well for our consumer market either.

[xxpor]

Absolutely.