dashingscorpio profile image 85

Is having a "global economy" a good thing for America?


Voters in the United Kingdom chose to Brexit from the European Union and the world markets are reacting. Essentially down plummeted affecting 401ks and IRA accounts throughout the U.S. not because of anything going on in (our economy). We saw something similar when Greece was facing bankruptcy and when China's economy showed signs of slowing down. Are our nations economies around the world too reliant and intertwined with one another? There seems to be instant panic and a global chain reaction whenever any country has problems.

 

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tamarawilhite profile image87

Tamara Wilhite (tamarawilhite) says

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11 months ago
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bradmasterOCcal says

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  • dashingscorpio profile image

    dashingscorpio 11 months ago

    I'm not blaming Britain.

    My question is about the U.S. economy relying too much on what goes on in other countries. You made an excellent point: "Britain also kept the pound, instead of the Euro".

    They were never "all in".


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Jack Lee (jackclee lm) says

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11 months ago
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  • dashingscorpio profile image

    dashingscorpio 11 months ago

    Great point!

    The markets are always {looking for a reason} to go up or down. An oil rig might explode today and gas prices would go up instantly even though current supply isn't affected.

    Markets are driven by fears of what {might happen}.


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