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This is exactly what i was refering to about the world being like a living organism. Just step back a moment and look at the big picture, consumers in developed nations have effectively spent more than they earned on private consumption. The market being what it is accomodated the increase in...

cuddly toys are the only exportable product available in the world. All im saying is that its a global world, hence things are much more complicated than economic models can predict with 100% accuracy. Thats why economists forecasts are wrong more than they are right. And the further into the...

This is text book thinking and i cant disagree with your logic from a theoretical point of view. However the world is more interlinked and dynamic than people give it credit to. Economic modelling has a deficiency in that, in order to model a particular action, it has to hold other factors...

typo should read sheep

yeah maybe its the next flock of sheet ready for the slaughter house.

Its easy if you start saving from a younge age. The problem is most people never save. Once they finish high school they need to borrow to buy a car, once they finish uni they need to travel, once they have a good job, they need a better car and a 'nice' place to rent with nice do-dah's to...

I find it quite amusing really. Just last year people were saying dont worry about commodity prices the BRICS will support the rest of the world. Resources will be stronger for longer (now its wronger for longer:p). After commodities collapsed (or just went back to their 'normal trading...