The offshoring was an experiment which failed. And the other countries did not *really* build up a middle class, which is what was needed for decoupling.
Nonetheless, the structural economic weaknesses caused by the prior 10 years are likely to lead to a great change in our standard of living, *if* the government takes the wrong approach. (Handled correctly, this could just be a bad cold, as the economy corrects for the overcapacity which supplied the wants of the buying-power-artificially-expanded-by-credit.) I feel another vanity coming on...
Cheers!
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