Hope is not a strategy. You cannot hope your way out of a recession.
Somehow it seems that the entire economic situation is pending on Americans borrowing and spending again.
Americans are too busy right now servicing debt to spend on more chinese trinkets.
For the global economy to work it has to be a give and take scenario. But just taking and not giving will no longer work.
Either the US gets back to exporting and Americans get back to earning proper wages where they can sustain themselves a middle class without having to borrow to make up the difference do not expect things to get better.
My prediction is another big correction in the next few weeks once Hope fades and reality comes back into the picture.
A friend in GS told me they are setting up for a huge short.
http://www.msnbc.msn.com/id/32519495/ns/business-world_business/
"But until American consumers begin spending again, and so long as jobs are still being lost, the durability of any recovery is questionable."
Somehow it seems that the entire economic situation is pending on Americans borrowing and spending again.
Americans are too busy right now servicing debt to spend on more chinese trinkets.
For the global economy to work it has to be a give and take scenario. But just taking and not giving will no longer work.
Either the US gets back to exporting and Americans get back to earning proper wages where they can sustain themselves a middle class without having to borrow to make up the difference do not expect things to get better.
My prediction is another big correction in the next few weeks once Hope fades and reality comes back into the picture.
A friend in GS told me they are setting up for a huge short.
http://www.msnbc.msn.com/id/32519495/ns/business-world_business/
"But until American consumers begin spending again, and so long as jobs are still being lost, the durability of any recovery is questionable."
