Brad DeLong thinks that the savings glut countries are going to colonize us financially:
Can anything stop this progression? Yes. A collapse of world economic growthwhich would create a very dangerous and angry world. Or a sudden return to thrift on the part of American consumersso that we can finance the industrialization of the rest of the world rather than having them finance our consumption. But neither is likely.
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2006-2011 archives for The Daily Dish, featuring Andrew Sullivan