Consumers are caught in a difficult situation. Many still have large debts that they want to clear or have less secure jobs than they had during the boom times so are unwilling to spend more. Indeed they want to save for a rainy day but are punished for doing so by very interest rates that are lower
Over the past decade many countries in what we know as the 'third world' have borrowed huge sums of money from wealthier countries in times of strife. Do these debts now hanging like nooses around countries necks? Are they preventing economic expansion and ultimately wealthier populations?
Globalisation comes in for a lot of flack from all sides. It is blamed for making the world more western, riding roughshod over other cultures. It damages the livelihood of millions, particularly of farmers but also in Manufacturing in countries like the USA. Globalisation however has many upsides,