Dienstag, 27. April 2010

Global Imbalances II

Und hier ein Beitrag aus dem Economist über die andere Seite der Medaille.
"Consumer debt [in the US] rose from an average of less than 80% of disposable income 20 years ago to 129% in 2007. If other crises of the past half-century are any guide, America’s consumers will spend the next six or seven years reducing their debt to more manageable levels, reckons the McKinsey Global Institute. This is already changing the composition of economic activity. Consumer spending and housing rose from 70% of GDP in 1991 to 76% in 2005 [...]. By last year it had fallen back to 73%, still high by international standards."

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