Emerging Markets Power the World

Emerging Markets Power the World
We talked about the world economy as a 747 with 4 engines. The European engine is sputtering. George Bush is choking the fuel to the USA engine. The commodities engine is going so fast it makes the plane lopsided. The emerging markets engine is really the only one operating well. For years the USA powered the plane with our internal economy (consumers). Our credit cards are all maxed out and our housing markets are drunk on Champagne music. (All those bursting bubbles)
The only thing keeping the world economy in the air is the internal growth in the emerging economies. These economies are growing because of consumer demand within their countries. In the USA, the war in Iraq is driving our economy. Driving it down that is. The soldiers are spending their money in Iraq. The military machine is sucking up fuel like moonshine. We will never cut demand for fossil fuels as long as we have over a million people driving around in Humvees and flying all over the world in airplanes with their only purpose being to drive around in Humvees.
Well, the economy is like the weather. We can complain about it. As individuals there is not much we can do to change it. We can take steps to make our own businesses better. What are you doing? Please share your good ideas.


David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com