Quote from nazzdack:
1) Most "rural" people tend to be less educated and only suited to blue-collar employment with a lot of wage deflation.
2) Those "heavy industry products" will be manufactured overseas from the US.
3) Those "consumer products" will be produced overseas also. The local population wants its own things, not someone else's from out-of-town.
4) Optimism is difficult during a deflationary environment. Everybody can't be a "financial professional".
1) That seems to be in line with the kind of work 3rd world citizens do in their economies.
2) What evidence do you have of this. Things will be produced in whatever country has a comparative advantage in the production of that good. The United States currently has the largest production capacity it has ever had. Please tell me you don't associate job losses with capacity losses? Maybe you should take a look at what technology has done to productivity.
3) The more westernized parts of the developing world have already expressed their love for American consumer goods. I don't see this ending abruptly.
4) Never claimed to be a professional. Just an optimist.
Sorry it took so long to reply.
