Julian Robertson (founder of Tiger Management) talks about our economy. He gets it dead on. In order to even possibly recover, the American public needs to demand politicians for pain. Unless Americans understand that we can't have something for nothing, and the lifestyle we've become accustomed to over the last 30 years is NOT what we deserve nor is it sustainable, we and our US Dollar are going to be toast.
Unfortunately, I am not particularly optimistic about spoiled children realizing they are spoiled and asking their parents for more discipline. When does that ever happen?