[Lessismore]

What's so horrific now?

A. The trade deficit.

B. Earlier the Asian economies were pumped and dumped by the moneymen. The US economy has been pumped and is now being dumped. It is Europe's turn to be pumped.

[lentulusgracchus]

Europe's turn to be pumped, or Asia's? In the international sectors, I.I. has been favoring Japan, though that may turn out to be another bear-market 20% rally.

[ThePythonicCow]

What's so horrific now?

Yeah, there's definitely much wrong. Besides the trade deficit you mentioned, there is the related excess valuation of the dollar, stock prices that are still high by historical measures, real estate's too high, ...

The currency devaluations in Argentina are spreading to Brazil. And the dollar is beginning to get its first scent of the same.