Everyone’s talking about it, but will anything come of it? And if so, when?
The Wall Street Journal today weighs in again on the subject of a global economic rebalancing, a topic’s that’s no stranger to these digital pages or any self-respecting economic pessimist. For those who are new to this corner of the dismal science, the basic outline runs thus: the United States spends too much, saves too little, while the rest of the world saves a lot (arguably too much) and spends too little, at least from America’s consumer centric perspective.