Doug Henwood Talks

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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