According to a recent (last month) report in The Economist, the US economy is undergoing a transformational change that will make it more viable in the long run. There will be more exporting and less production targeted for domestic consumption, they say. We will change our spendthrift ways and start saving more. There are already signs of that, since the recession and last year's meltdown have scared us straight.
Apparently not all economists agree, but if true, it is big news and perhaps something for optimists to hang their hats on in their persistent belief that all is not lost for the American economy. The title of the lead editorial on the subject is: "Hope at Last."
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