In a similar vein, well run foreign retailers such as Tesco and Aldi, a German hard discounter, may find their expansion in America goes betternow that so many local rivals are feeling pain (the two firms are fighting a price war against each other at home in Europe).
And people haven't recovered all that they had lost in their 401(k)s, but they're feeling a little better when they open that envelope now than they did six months ago.
And given the servicing the U.K.'s massive debt load requires, this would leave people feeling only slightly better off after austerity than they do now.