2009年2月24日

Demand As the Most Precious Thing in World

I would say the most precious thing on earth is HOPE. With hope, people start demanding all sorts of goods, hence the machine will work again. 

But hope won't come with wishful thinking. Hope is a heritage. Some nations are particularly hopeless.  So hopeless that their nationals rather hold foreign passports. 

Hong Kong used to be a place of hope, until we all become hopeful of government assistance.  

Sent to you via Google Reader

Demand As the Most Precious Thing in World

I ran across a comment recently where someone argued that the U.S. had the most precious thing in the economic world: demand. It's an interesting point of view, even if that "asset" is declining quickly.

Other countries must advance by gaining access to the U.S. market via exports, while their own domestic market demand remains moribund. Put differently, even a savings-happy U.S. consumer is far more profligate and more important to the world economy than consumers in most of the rest of the world combined.






Humbly submitted from my iPhone