Quote:
Originally Posted by Jozrael
Ironically, I JUST finished a conversation with my friend in Aussieland, and he said that you guys are a-ok, that the politicians are on everyday saying "The Americans are fucking up bad, but look at us! Our economy is so stable you could nuke it and it would stay standing."
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A lot have people have had their superannuation wiped out (I think you guys call that your 401k?) But that's the fault of their fund managers.
All in all, yes, here in Aus things aren't that bad, though our markets are taking a pounding. The real problem we face is if markets and economies in Asia crash. If China's growth stops, then they'll stop buying our resources, and if that happens we'll really be hurting.
Australia can weather the storm, but a global recession is still a global recession, it will hurt everyone.
But the heart of what I'm getting at here, is do Americans ever really consider the affect their government's policies have on the rest of the world?