So far the rest of the world is far from being down unless you coun't out China, India and Russia (about 50% of it). Nobody's is saying it but the Indian stock exchange is going up for most of the time. As we (Western countries) are saving banks with money we don't have (according to our various state deficit) someone might currently be buying a good chunk of our respective countries. May be we should start learning Cantonese, Mandarin or any Indian language
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Future will tell but nobody knows it, and obviously not our political leaders (Oops, U.S. still is in the process of choosing one).