Like you just said, they can buy commodities with dollars. You can buy commodities with your Euros. Isn't freedom great?
The moment they stop buying fish wraps, they cannot export to you anymore
Yes. Is that supposed to be some profound observation on your part?
So - aslong as there aren't any better consumers then you guys - you are safe.
We were in danger? How do you figure?
It is just not important that they would be in the shit some deaper than you
How are you confusing our situation (+3% GDP growth and 4.5% unemployment) with being in deep shit?
well 'deep shit' is not what you are in - I just wouldn't bet on the superpower status for the next 10 years.
It's the US who have to freeze projects like the F-35, DDX and so on - and the only thing discussed in WSJ and FT are wether you 're about to experience a soft landing or a crash.
While I read today in FAZ that china is about to found an investment organisation for their trillion $ problem (a copycat version of the one in singapore) - they promised to invest slowly to not tilt the dollar.
And they decided to have a carrier fleet.
(Certainly I know that the asumed-dead often live longer)
I just don't suffer from nationalistic induced halucinations - certainly I do know the europe will go the way of the US because it's still like always - you cough means we get a cold.