As long as the status quo persists, with strong global growth and stunning macroeconomic stability, the US can continue to borrow and run trade deficits without immediate consequence. Over time, the dollar will still decline, but perhaps by no more than a couple of percent per year.
只要现在的情况持续下去，再加上强劲的全球经济增长和惊人的宏观经济稳定性，美国就能够继续举债并维持贸易赤字而不会马上遭遇后果。随着时间的推移，美元仍会贬值，但幅度可能不会大于每年两个百分点。但不论如何也不难想象美元崩溃的情景。恐怖主义、中国经济增长放缓、或中东暴力冲突的突然升级都可能完全破坏现有的经济局面。