Ambrose Evans-Pritchard is bullish about the future of American power:
The American phoenix is slowly rising again. Within five years or so, the US will be well on its way to self-sufficiency in fuel and energy. Manufacturing will have closed the labour gap with China in a clutch of key industries. The current account might even be in surplus. Assumptions that the Great Republic must inevitably spiral into economic and strategic decline – so like the chatter of the late 1980s, when Japan was in vogue – will seem wildly off the mark by then.
Sam Roggeveen pushes back:
I sincerely hope this is right, though even if it is, I doubt it makes much difference to the larger phenomenon. The slow shift of global power away from the US really hangs on the rise of developing countries, not America's fall.
The Dish 