[lbo-talk] Niall Ferguson bewails US imperial decline

Doug Henwood dhenwood at panix.com
Wed Sep 13 11:06:20 PDT 2006


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



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