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Thread: Overseas stock markets skyrocketing during the 'golden week'
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[quote=APAULT,249928]The US economy is not about to collapse, but compared with the new economies, it is on the decline. Slowly the rest of the world is going to realise that the US is a declining power (unles it gets some truly new leadership that takes on all the pressure groups and removes its protectionist policies....unlikely) and it is not really so important. There is still quite a lot of knee jerk reaction to what happens in the US market. Sure the sub prime mortgage srisis affected overseas countries because some had chosen to invest in it, but for any professional business it was a small component with the risks understood in its risk management policies. So we have seen the international markets shrug off this issue after the initial overreaction.[/quote]
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