There may be trouble ahead

The Harmonic Grid is forecasting an unsettled outlook for the global economy

Global equity markets are teetering on the edge of total collapse, as the US, the only real engine for world growth, grinds to a halt.

Stephen Roach of Morgan Stanley recently pointed out that the US consumer was responsible for 64% of the growth in the world's economy from 1995-2001. During this time, the entire world, and especially Asia, spent huge amounts on factories to supply seemingly infinitely-growing US consumption.

The massive global capacity overhang is the main problem. These

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