Quote:
Originally Posted by krmont22
We are going to have more inflation, more banks collapsing, and another credit bubble in addition to even larger trade deficits.
The current rate of inflation is right in the appropriate area of about 3% - no problems there. The banks are doing OK. Which major banks are in danger of collapsing? I'll admit the trade deficit is not great, but it is still better than it was 2005-2008. As for another credit bubble - unless you are talking about student loans, I just don't see it.
Quote:
What indicators? Labor and housing numbers that are ridiculously fixed? The dow being at record highs because of 2 trillion added to money supply in last 4 months?
What do you mean by ridiculously fixed?
Economic think-tanks such as the OECD (
OECD Hints at Developed Economy Recovery), The Conference Board (
Index of leading economic indicators in .S. climbs 0.4%) seem to be finding some optimism in these reports.
Overseas markets such as Japan (
link) and Mexico (
link) have seen boosts based on rising confidence in the U.S. economy.
American's confidence in the economy, while obviously not great, has been rising for the last 6 months and is approaching the highest it has been in 4 years. (
Gallup)
I'm just really not seeing the impending doom.