Doug never tires of reminding us that the US economy is, yes, doing quite nicely, but the post-70s recovery + recent boom of the US economy has been mainly manufactured by removing stabilizers both on the consumption front (union busting, the 'welfare reform,' high indebtedness, etc., that is, beating back workers) and on the state regulation front (e.g. deregulation of the financial sector), right?
And suppose the next recession in the US will conincide with giant economic and political turmoils in Asia + Russia?
Yoshie