all it takes to get the economy back to where it was is just send everybody everyday an offer for a no interest for 12 months credit card. Keep doing that long enough an hopefully the economy will recover by the time everyone's credit card is maxed out. That's how it worked last time, except the part about the economy recovering.
Not that much has changed since last weeks volitility spike I have been watching the VIX and the the trend is indiscernable. With the lousy European markets trying to salvage a failed Euro the macro outlook still says buy gold and sell stocks. The actual demand for goods is stangnant. Giga scale infrastructure would be needed to put people back to work. take the time to see how much time is wasted buy white collar employees making watercooler talk. Most of thier jobs can be completed in have the time. Engineers are in short supply and the incentives are not there. The gold market did a big head fake I could see it on the retail sell side in my shop. I have also been taking in alot of misc. goods at distressed asset prices. Sell side the the tickets in the 10 to 20 price range have had the largest volume. The only news I am catching wind of any build out is in Africa. The money well is running dry and the set up is for QE3 Akuma
You are right. There is an international aspect to how this all plays out, expecially in the U.S. case where our currency is reserve. But this is complicated enought already here.