Last I saw we are still the richest nation in world with household equity = 50 trillion total assets. And we are still the reserve currency of the world and largest buyer in the world not to mention still king of manufacturing and the world will be waiting for our grain this fall.
But when you start factoring in our debts we're looking at a 62 trillion hole that some believe would take double digit GDP growths over decades to climb out of...basically meaning we're possibly 3 years away from being the next Greece in terms of debt to GDP ratio.
