The missing piece in the global growth puzzle (no consumer demand)

CNBC ^

[Red in Blue PA]

"So many people – politicians, journalists, I'm afraid market analysts – sort of believe this story of an economics recovery going on around the world," Roger Nightingale, strategist at RDN Associates, told CNBC. "This economics recovery hasn't occurred. In fact, actually for the past 18 months people have been talking about it, the data is pretty flat. If anything, it's getting flatter."

....

"The conventional response, among economists, is that the government must take action to boost domestic demand in the United States, with either monetary or fiscal stimulus, or by redistributing wealth," he said in a note, citing the one-time status of the U.S. as the world's "consumer of last resort."

But the U.S. doesn't appear to be able to boost global demand much, Chovanec said. The U.S. Federal Reserve's massive bond-buying program may have prevented a credit collapse during the financial crisis, he said, but it hasn't done much to boost consumer spending.

[Partisan Gunslinger]

Oh, and you’ve enabled the wholesale transfer of military and dual-use technology to the last of the communist powers on the planet. Brilliant own-goal there, scooter.

Clinton did that. Toasters: yes, MIRV: no.

[AllAmericanGirl44]

bkmk