[sauropod]

"Once you run current-account deficits, you depend on the kindness of strangers," he said, pausing to let out a resigned sigh. "This might be the beginning of the end of the American empire."

I'm afraid Roubini's right.

[rlmorel]

Uh huh.

Brings to mind what those same people were saying back in 1973. The Japanese were going to rule the world. We were all screwed.

Funny how things turned out.