HMMM, you raise some interesting points Mr Munday. Having never worked in the financial industry, I`ll defer to people like yourself who are far more knowledgeable than I.
Just on the question of borrowing though, it`s a problem not just unique to the USA. Most of the West spends more money than their mediocre economies can afford. Mr Munday, what do you foresee for the USA/West vis-a-vis China?