US Will Be Fine

Drenzer writes about why the US is recovering fine from the economic crisis and is actually stronger relative to China, etc, than in 1991.

From a big perspective, he is probably right on about how the US is de-leveraging fairly smoothly and although public debt is up, that's probably the right thing to do while the de-leverage is going. Also, the best news is all this oil shale development, which means the US will be less Mideast Oil dependent by 2030. Probably smart to keep all this stuff in perspective.