The ever bombastic Niall Ferguson says that the U.S. is "an empire in decline. There are no solutions." Long time readers know that we love Ferguson's thoughts. He's in agreement with TILB's Singularity (coming soon to a blog post near you) that interest payments for Federal deficit alone could easily be 20% of all federal tax receipts. He's also a long-term China bull (he's not opining on their stock market, rather on the geopolitical strength).
Enjoy.
