London, United Kingdom (PressExposure) December 16, 2009 -- Americans expecting a return to the good old days of conspicuous consumption and high living standards could be in for a shock according to analysts at Asian-based investment house, "Zen International".
After decades of living beyond its means, America is heavily indebted to the rest of the world and faces a long period of readjustment as the emerging economies compete on labor costs and for valuable resources like oil and food.
"Zen International" apparently made its claim in its monthly email to clients adding that the division between haves and have-nots is likely to grow substantially as competition for new specialized jobs leaves many on the sidelines with obsolete skills.
The firm believes that China, India and other emerging countries are outpacing America in terms of their ability to compete for resources because of their strong export sectors which have lower labor costs and the relatively low indebtedness of their populations.
"Zen International" confirmed that it is conducting exhaustive research on banks and financials in China and India with a view to investing for long-term exposure to the growing middle classes in both countries.