Quote:
Originally Posted by Chunga
Both Europe and Asia is safe this time. We are not connected to the american economic situation. I also just read that asia will bennefit from the crises in US. You will import more course there will be a demand for cheaper items. Both China and India increase their production.
The Euro is to strong now and will not shake. In the old days we leaned on the USD. But then we all had seperat valuta.
Lets se how it will work out. We do have crises in the industri as well. Came almost over night. But noone is hurt by now. After all. It was a disaster that we did not have the workers we needed when things went to well.
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We live a in world economy, no one is safe but north korea. And yes you are directly connected to the American economy, right now we are exporting more to Europe and Europe is producing less now since its cheaper to buy American goods with the weak dollar. So in a while Europes unemployment rate will be higher, but most of Europe is used to 5%+ unemployment anyways.
Spain is at 14% unemployment
UK is at 5.5%
France 9.5%
Italy 11%
ect
Just wait and see, the rate will go up. Just like it did in the USA when it became cheaper to buy products such as fabric form Asia the USA lost all its jobs in fabric production. Most Euro and Asian companies are investing heavily in the USA& Canada since its cheaper than their home country.
So outside of the USA most countries dont have room to talk about a "bad" economy which the USA is not in, yes slowing from 4.x % GDP down to .6% GDP is still a fall but positive is better than any negative.