Re: So is the financial crisis really everyone else's problem?
Yep, we all knew about China and India, for the last 9 years I could hear a huge sucking sound of dollars leaving the country. Amazing how much business was done at Costco during these last few years, and all the tech dollars have been going to India since 2000. We aren't talking peanuts.... the US money came from all the refinancing and was basically spent foolishly by the consumer. US corporations who profited from this spending, outsourced their work to other countries (extremely near sited of them). The chinese got money for products that aren't really needed. The idea of replacing the coffee maker and tv sets every year, as well as the BBQ and the golf clubs....hmmm why not. It's kind of ironic, the US was so good at generating money, jobs, and new business' in the past... the innovators of tomorrow, now it's everyone scrambling to make ends meet.
Good to see Russia and Brazil doing well!