the big problem for the US is the American consumer. For the last 20 years the average American has been using $1.10 for every dollar made. This has been possible due to cheap loans and rising real estate prices.
The bare truth is that for the last many years America, and to some extent Europe, has been living well beyond its means.
The bare truth is that for the last many years America, and to some extent Europe, has been living well beyond its means.