Debt and Deficit in Emerging Markets

Ruchir Sharma, Rockefeller International Chairman, explains why the deficit levels in the US and emerging markets are much higher than they were in the past. He joins David Westin on "Wall Street Week" daily.
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[@Western_Decline]

US: prints money-> nominal GDP goes up. Buying power decreases. $18.99 for Pad Thai Nominal is completely irrelevant.

[@Withnail1969]

Yep. What matters is how much is actually produced and by that measure China is by far the world's largest economy.

[@testingcsr]

China desperately needs US & European markets to boost its exports.

[@Withnail1969]

Actually it doesn't.

[@psarathy66]

Hope he see usa and west deficit and debt

[@michael2275]

Bitcoin

[@City.of.Rancho.Cucamonga]

Well said

[@Zero11_ss]

Immigration is not a good thing for the Americans who are in the low wage category.