A strange realisation hit me while reviewing comments on my recent post about Europe. One reader wrote that the European economy is on its ass, and then asked where I think the American one is. It stuck with me because the Europe and America economic crisis is not a comparison we make seriously enough. Europe is collapsing in public. America is collapsing in private. Both stories are real, and both feel like they are drifting toward the same destination. I kept thinking of a shopkeeper I know near Soldier Bazaar in Karachi. He keeps half his lights off during peak … Continue reading Europe’s Economic Crisis Is Loud. America’s Is Quiet. Which Collapse Arrives First?