In all life one should comfort the afflicted, but verily, also, one should afflict the comfortable, and especially when they are comfortably, contentedly, even happily wrong.
I worry about another leg down in the economies causing social disruption because deleveragings can be very painful - it depends on how they're managed.
All comparisons between America's current place in the world and anything legitimately called an empire in the past reveal ignorance and confusion about any reasonable meaning of the concept empire, especially the comparison with the Roman Empire.

