Now that the bubble has burst, America’s current economic downturn is likely to be far worse than previous ones, because US enterprises will have to be rebuilt, slowly and carefully. The dramatic weakening of the US dollar may help America to narrow its massive trade deficit, but we should not expect any sustained improvement without drastic changes in American management.
现在，泡沫已经破灭，然而美国当前的经济低迷可能比以前的低迷严重得多，因为美国企业不得不缓慢而小心地进行重建。美元的急剧贬值可能会帮助美国缩减其巨额的贸易赤字，但是，如果在美国的管理上没有巨大的改变，我们不应该期望能够有任何持续的改进。