China and India plays for now, later, and much later


Consumers, it seems, are the key to everything economic -- and the more gluttonous we are, the better. (At least until the bill comes due.)

After all, we are (or were) 70 percent of U.S. gross domestic product. If that isn't one of the pillars of the 21st Century idea of American Exceptionalism, what is?

Originally published