Morgan Stanley’s chief global strategist: America will remain the world’s dominant economy.

China: Hold my beer.

America is in decline. Such eventually happens to all nations that spend time at the top. The people are generally prosperous and forget how to compete, and soon are replaced by a nation that’s worked its way up. That’s why Voltaire pointed out that history is filled with the sounds of wooden clogs going upstairs and silken slippers going downstairs.