Hmmm....

Another great piece from The Daily Reckoning:

At the risk of boring long time Daily Reckoning sufferers and annoying new ones, we offer a two-sentence explanation of the world economy, circa 2005, under the reign of George W. Bush and Alan Greeenspan:

Asians make things and sell them to Americans, who borrow money from their suppliers (on the inflated value of their houses) in order to continue living beyond their means. Asians take their profits and either relend them to Americans...or use them to buy more productive capacity, in America and elsewhere.

For those who wonder where this trend will lead, we offer a guess: The average American will be left with a shoeshine kit and instructions on how to say "please" and "thank you" in Chinese.

Ouch...