[Still Growing]

The US's dollar falling is obviously contributable to the trade deficit.

The weaker USD has larger implications. The investment community worldwide is investing into emerging markets such as China and Brazil. There has been a systematic dumping of US Dollars and people are taking that money to invest into these emerging markets.

If you look at London 70 years ago they probably had no idea the US would become such a large mfg powerhouse. If you look at the US 30 years ago we probably never saw China as being an economic threat.

I don't think the US will become a third world country simply because we've lost our advantage and gotten ourselves into debt. I would compare the upcoming US bankruptsy (so to speak) to be like Donald Trump's. We're heading for insolvency but no one can afford for us to go under.

I truly believe that there will be a new economy emerge starting in 2010. They more wealthy China becomes the more consumers we'll be able to sell to. Yes we sell to China; no matter what you've heard. We simply have a deficit because they can't afford as much of our products.... yet. As they continuously develop they will devour US goods faster than we can make them. You will tell me that we don't make anything in the US but we do and will more once there is a market. Japan is a perfect example... They use to sell low cost hand bags to France now Louis Vuitton sells more $2,000 hand bags to Japan than they do in France.

I believe that there will be another technological revolution and a growing green movement that the US can profit on. The US is still a powerhouse in R&D and will continually develop new franchises, new movies, new apparel, new drugs and new computer technology. I think that our best years are yet to come but we must go through a little (or big ) recession to come out on the other side.