This is actually a contraction. American economy has over-extended itself by about 30% during the last 30 years. European Union economy is over-extended probably by 20% and Chinese economy is dependent on American market for 25% of its GDP (Gross Domestic Product) and so it goes around the world. It is time this anomaly is [...]
Filed under: American, International | Tagged: American economy, Chinese Economy, European Union economy, Former Fed Chairman, GDP (gross domestic product), neither a recession nor a depression, Paul Volcker, President Ronald Reagan, This is actually a contraction | Leave a Comment »
