[stefan10]

really
So we found a new way of capitalism with never ending growth and increasing private wealth for all of us.

then all americans just have to spent more of their home equity and this will go on forever?

And when they can no longer pay the mortgages they simply sell their houses and will get these huge prices and benefit from their increasing private wealth.

WOW sounds like paradise but even if htis would be true the saving rate would still bne negative and the current account deficit would still be huge and you would still need foreign money from china the middle east and all the other countries.
So the article is still true beside the fact of growing net wealth ( realized or not).

[expat_panama]

WOW sounds like paradise but even if htis would be true the saving rate would still bne negative and the current account deficit would still be huge and you would still need foreign money from china the middle east and all the other countries.

Somehow your post was a bit hard for me to follow-- maybe I need a third cup of coffee.  Please help me understand what you're saying.  Are you saying that Americans are getting richer or are you saying they're getting poorer?