Flutterby™! : asset dependence

I didn't see any answers or some of the depth I was hoping for, but Morgan Stanley: Policy Pitfalls in an Asset-Dependent World voices some of my concerns over how the U.S. economy is balanced:

This doesn’t mean households aren’t saving. What it does point to is an important shift in the mix of saving – away from that generated by income toward that which can be funded through wealth creation. Rational or not, this puts tremendous pressure on an economy with already deficient income-based domestic saving – forcing the US into the international capital markets to close the funding gap.

Thanks to Chris R. for passing it along.