Yes.
Do not make the mistake that the economy at large, especially small business, is the same as the mega-corporations and Wall Street financiers.
Our government is corrupt, big business and big finance and big government have made a mutual deal with the devil. ZIRP and endless financing of massive federal government deficits have made any hope of a return to normal economic circumstances impossible without a major calamity.
Just find out what happens to the price of trillions in government securities held by the Fed if interest rates just returned to a “normal” level. It just cannot happen without bankruptcy.
Bennie etal have made a mess of it. We are so screwed.
sschu
Add to this...
* Bazillions on Medicare, Foodstamps, Disability.
* Porkulus extended, no real budget in 4 years, they can't the numbers would scare even the LI-Voters.
* Real businesses in my town haven't recovered from 08' so many business closed and nothing has taken their place, they remain empty.
* You get the sense they are quashing real growth because if they get turnovers of the dollar and they chase themselves inflation comes back and it falls apart.
* You are right Bernake-Gietner-BHO have no arrows left in their quiver.
* All the Euro's have to do is downgrade us once more and I think the party is over. The problem is Obama doesn't care, his Hurbis knows no bounds. After all he has got a ton of EO's in his pocket if they do and it falls apart.
I do not see a way out of this....