And therein lies the underlying danger. The growth is simply a reflection of the dependence that the unsustainble US economy has on Indian and Chinese economies. We both are serving to keep the prices in the US in check and, in turn, the dollar still floating. So long as the idiots manning the US in every area manage to hype and plain manipulate public opinion everywhere, with I must say not a little help from similar idiots everywhere else, this charade will go on. Does anyone realise that the US economy, and the government there, depend entirely on the rest of the world to even meet their day to day expenses. The current deficit that the US runs, including the burgeoning trade deficit, is of the order of some 80 trillion dollars? Juxtapose this vis-a-vis the size of the world GDP, around 43 trillion dollars; The financial derivatives markets worldwide, essentially an illusion of wealth and money, has ballooned to over 350 trillion dollars. When the payday arrives, boom, it will feel like we are all inhabitants of Pompei.
