The Trade Deficit Bubble

Here is a well-written blog on a topic I have been mulling over for a couple years. The nickel version: First there was the dotcom bubble, then the housing bubble. What's next? How about the trade deficit bubble? The United States borrows billions of dollars every year to pay for things for which we don't have money. What happens when that bubble bursts and countries around the world no longer want to buy our currency? It's a big question with lots of scary answers. Click the link, it's worth a read.