Dont worry be happy
Date: Wednesday, March 30 @ 03:43:18 PST
Topic: Business News; Market Research
From our very good friends at The Counsel For Foreign Relations
The Overstretch Myth
David H. Levey and Stuart S. Brown
From Foreign Affairs, March/April 2005
Summary: The United States' current account deficit and foreign debt are not dire threats to its global position, as would-be Cassandras warn. U.S. power is firmly grounded on economic superiority and financial stability that will not end soon.
David H. Levey recently retired after 19 years as Managing Director of Moody's Sovereign Ratings Service. Stuart S. Brown is Professor of Economics and International Relations in the Moynihan Institute of Global Affairs at Syracuse University's Maxwell School of Citizenship and Public Affairs.
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