[lbo-talk] Niall Ferguson bewails US imperial decline

Eric rayrena at realtime.net
Wed Sep 13 11:48:46 PDT 2006



>The foreign balance is much more of a problem, reflecting private,
>mainly household, overborrowing.

Okay, but haven't we been hearing about this problem for at least five years? When does the orgy of debt reach its denouement? And why has it been so long in coming?



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