> 4-How many time a currency account debt is sustainable withouth
> causing major damage to economy. It´s a situation very similar to
> Brazil, where we´ve been suffering intermitent low intensity crisis
> since 1995, while sustaining 4-5% of current account deficit. Of
> course, this deficit is in foreign currency, unlike yours.
Brazil's real economic performance in the 1990s has been disastrous; per capita GDP grew only a tiny bit between 1990 and 1999 (data from <http://www.globalpolicynetwork.org/data/brazil/brazil-analysis.pdf>). Not a hopeful sign for the US.
-- Dennis