"On Topic" With Doug Krile

Tuesday, December 19, 2006

The Economic Bubble

I noticed these numbers this morning and thought they looked bad.  I just didn't realize HOW bad until I read this, via  Think Progress -

The Greatest Threat To Our Standard Of Living

(The U.S. current account deficit widened to a record $225.6 billion in the third quarter, officials announced yesterday. Below, American Progress Senior Economist Christian Weller explains why it matters.) The greatest current threat to our standard of living is the current account deficit, which now stands at a whopping $225.6 billion in just the third quarter [...]

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