Here's an interesting read on US economic outlook. This article talks about how some of the historic decisions made by Federal Reserve and US Govt are contributing to the currrent economic downturn. Though it paints a very grim picture of dollar being replaced as the world's reserve currency in the near future, I dont see it happening atleast for a few more decades till we get to a multi-polar world. US is still the only super power and has a good amount of leverage & influence on the world economy and countries. It will pull all levers at its disposal to prevent this from happening. US Economic Outlook 2008-11+ (Updated)
US Economic Outlook 2008-11+ (Updated 28 May 08); Discussion of Money, Federal Reserve, Dollar as World's Reserve Currency, Inflation, Deflation, Oil, OPEC, Debt, Saving Rate, Housing Bubble and Future Outlook for US Economy
