Post bubble America

Comments on Alan Kohler “China – America's terrible enemy”, 24/12/2009, http://www.businessspectator.com.au//bs.nsf/Article/Reflation-China-America-Copenhagen-stockmarket-bub-pd20091224-YZRYR?OpenDocument

Alan, you are so effective in being either humorous or cynical.

America does not have an intelligent enemy! Its real enemy is itself, as you said.

The Americans is unlikely to repeat the Japanese experience of its post bubble era since the early 1990s.

The Americans are smart enough. If they can get their act together, they will emerge from the post bubble era fairly soon.

But in the process, America is likely to spread its losses to other countries. It has already started doing that, due to its reserve currency status.