On Sep 13, 2006, at 2:48 PM, Eric wrote:
>> 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?
Who knows? Maybe never. It's a risk, but I gave up doomsaying in 1991.
Doug