Export manufacturing economies are dropping like a rock, and here we sit, a nation of debt-addled, maxxed out spendthrifts, with an economy that is at least 70% consumer spending, but with severely curtailed spending ... and yet we’re not in as bad a shape? At least, not yet?
It’s mindboggling.
I am beginning to wander exactly just how fast the snowball is going to pick up speed heading down the hill at this time.
I don't read anything that bodes good news at this time for the economy, especially after the Porkulus orgy.