re: Goldman Sachs, which coined the BRIC term in 2001, now predicts that in 20 years' time the four countries could together dwarf the G7 and China's economy will overtake the United States in total size.
The statement is oxymoron as massive Americans are now bankrupt, lost jobs and life saving over the decades due to the bubble/crash financial market manipulation.
Since the Chinese have savings, of course, they are going to spend until majority of them lose money in financial markets and spent their life savings.
The statement is oxymoron as massive Americans are now bankrupt, lost jobs and life saving over the decades due to the bubble/crash financial market manipulation.
Since the Chinese have savings, of course, they are going to spend until majority of them lose money in financial markets and spent their life savings.
http://www.cnbc.com/id/31378319/
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