Economics, Politics

There seems to be some evidence that the rest of the world's economies are beginning to diverge from the U.S. What I mean by that is that foreign economies are becoming less dependent on America, more dependent on themselves and interdependent on each other.

Let's take China. As China has purchased the U.S. debt (in large amounts), their leverage has been mitigated based on the knowledge that they needed our markets as much as we needed them to buy our debt. But what would happen if China grows less dependent on the U.S., namely the American consumer? That's a whale of a lot of leverage for one country to have over another without any counter balance.