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I don't think they have deindustrialised as nearly as much as Oz or Great Britain. Of course it doesn't matter how much we deindustrialise while the commodity boom continues, but other countries without commodity wealth are going to simply have to lower their standards of living. The US has...

I disagree. The US is the hub of innovation. It's certainly tough if you are poor and unskilled, but that's all the more incentive to make something of yourself. They will get themselves out of the hole they are in. They have massive commodity wealth, but unfortunately for them, it is...

G'day Ozperp. What about a rural area for a property investment in the US? Obviously wait for a bottom though. The US farming scene is in the midst of a massive boom. Agricultural land values have more than doubled in 2 years [in US dollars though] due to huge grain prices. The US is still...