The U.S. has been living in a situation of excesses for too long. Consumers were out spending more than their income and the country was spending more than its income, running up large current-account deficits. Now we have to tighten our belts and save more.

Nouriel Roubini
0
The U.S. has been living in a situation of excesses for too long. Consumers were out spending more
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The U.S. has been living in a situation of excesses for too long. Consumers were out spending more
The U.S. has been living in a situation of excesses for too long. Consumers were out spending more
The U.S. has been living in a situation of excesses for too long. Consumers were out spending more
The U.S. has been living in a situation of excesses for too long. Consumers were out spending more
The U.S. has been living in a situation of excesses for too long. Consumers were out spending more
The U.S. has been living in a situation of excesses for too long. Consumers were out spending more
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