Quote:
Originally Posted by J pold
Yeah I think a lot of this is smoke and mirrors call me crazy but I have an optimistic view of the world going forward. The American economy will defy the pessimists in my opinion, the housing market is still extremely shaky, and unemployment needs to get down to healthy levels (7-5%) but they will recover. It will be a slow painful process but they will get there.
|
I think it will take a global effort to work out the imbalances that currently exist.....It will take spending nations like the US, England, Spain etc. to learn how to save and stop spending and saving nations like China, Japan and Germany to learn how to spend and stop saving. Right now the trust level of the US is very low as you can see by the flows into the Yen, the Franc and to a lessor degree the CAD. The world needs the US to get things under control....One day we will look back on the past year or two of what the Fed has done and be shocked that they were able to pull this off.....it may just work but the cupboards are now bare...."All In"