Rocktex

Housing Market Tracker - Macro Outlook Implies Recession?

Great Post!

Brazil, an actual emerging market, had done a better job overhauling its economy. The United States looks like an "emerging market,” with large deficits and a weak currency.

I believe, USA is due to have a "system overhaul." We have to check our system, not mainly in economic parts. Time is changing so rapidly. How come we are still used to 230 year old political and legal parts without modernization.

Look at the current presidential election, many institutions such as cacusas or electorial college are not suitable in this modern world. If we just overhaul the economic or financial mechanism, it is not going to improve the fundamental functions put upon us.

Maybe, we could say it is just a call to a plumber when we ask Mr. BB of FED to cut interest rate in the chaos of the Wall. Nothing really cures the disease. They are minor repairs, not even a remodeling.