Oh, Please. This past week was a ‘Dead Cat Bounce.’
12-16 months at the EARLIEST for ANY signs of ‘recovery.’
Unless, of course, they’ve all been LYING to us via the complicit Main Stream Media... ;)
I’m not expecting a recovery in the next couple years, unless Congress changes hands dramatically in the off year elections.
China has already publicly announced a lack of confidence in US Treasuries. At this point, the only way to finance current spending is by selling debt.
The Chinese statement was serious enough that President Obama went on record in order to try and reassure China.
President Obama was caught in a Catch 22. He couldn’t afford not to make a statement, but, he also shouldn’t have made the statement he made.
I am seeing signs of recovery. 52" TV's going out Walmart's doors. Housing prices starting to slowly inch up again.