Re: How true would you say this article is?
OP, interesting article you've selected. As usual, by the comments of our posters, most of Americans are not able to come to grips with this reality. If you read any of the the fine research by Chief Economist at Morgan Stanley, Stephen Roach, you'll hear similar echoes.
In fact, the list of very reputable economists doesn't end there. Merril Lynches Bernstein, and Smith Barney's economist (can't remember name) have all stated very similar "end game" realities. Furthermore, if you move beyond these types of professionals, you'll also find very similar articles from other very respected investors like Sir John Templeton.
As a financial professional, it's very interesting to watch this unfold. I've been reading articles just like this one for over three years now. As I tell my clients "you are watching history unfold. This period will be studied more than any other financial period in recorded time."
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