Some would say it’s only stepped back momentarily in order to take a good running leap over the brink. There’s still potential for total economic collapse:
- Commercial real-estate defaults
- Credit default swaps (CDS)
- Hyperinflation fueled by runaway gov’t spending
plus whatever China decides to do with our massive and increasing debt.
Not something the folks from “K Street” will be talking openly about...
danger everywhere.
A lot can go wrong before the next two elections.
of course none of it is BO’s fault.//sarc