"It is a strategy in which Asian and Pacific markets are open to our exports, and one in which prosperity around the world is no longer as dependent on American consumption and borrowing, but rather more on American innovation and products,"

VOA: standard.2009.11.12

"It is a strategy in which Asian and Pacific markets are open to our exports, and one in which prosperity around the world is no longer as dependent on American consumption and borrowing, but rather more on American innovation and products."

VOA: standard.2009.11.12

One thing for sure, though, if this trend does continue, it suggests that consumers are retrenching, not a good sign for an economy where 70% of economic growth is dependent on consumption.

FORBES: Commercial Bank Consumer Credit Declines Sharply In January

It's a strategy in which Asian and Pacific markets are open to our exports -- and one in which prosperity around the world is no longer as dependent on American consumption and borrowing, but rather more on American innovation and products.

WHITEHOUSE: President Obama Announces Job Creation Forum

In my previous post I pointed out the broad scope of new recruitment and given the US is dependent on private sector consumption it is gratifying to see that the retailers have their hiring hats on.

FORBES: America Is Not Happy With 103K New Jobs