If we continue with our current patterns of spending above...

If we continue with our current patterns of spending above our incomes, by 2013 the U.S. foreign liabilities could be as high as 75 percent of GDP and an increasing fraction of such liabilities will be in the form of equity. So, let us stop whining about the dangers of unfriendly foreigners owning our firms and assets and get used to it.

Nouriel Roubini Quote About Above, Assets, Continue, Current, Dangers: If We Continue With Our...

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