Interesting comments by a former Fed chairman:

NewsMax.com Wires
Friday, June 10, 2005

"Former Fed Chairman Paul Volcker said he doesn't see how the U.S.
can keep borrowing and consuming while letting foreign countries do
all the producing.

It's a recipe for American economic disaster.

On Thursday the Wall Street Journal reported bluntly that
"Mr. Volcker thinks a crisis is likely."

[snip]"

Rest of article he

http://www.newsmax.com/archives/arti...9/161923.shtml

JLD