"The US, it should be emphasised, is extraordinarily rich and will get richer," Buffett says. "As a result, the huge imbalances in its current account may continue for a long time without their having noticeable deleterious effects on the US economy or on markets. I doubt, however, that the situation will forever remain benign.
To which I say, "AAAAAAAAAAAAAAAAAAAGH!" If only I could have foreseen the future. And I didn't even riff on the ukulele.
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