America's dangerous deficit
Martin Wolf

....There are three reasons to be concerned: US savings may fall too
low; the rest of the world may be wasting its capital; and reversals of
capital inflows may destabilise the world economy.....

Full article at:

http://news.ft.com/cms/s/a9f5cecc-f5fe-11d8-b814-00000e2511c8.html

Not free -- you can sign up and read it and then cancel within 14 days
for no charge. But it is better to read it in print form, because for
some strange reason the online Financial Times doesn't include charts
and graphs, and this article has several good graphs.


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