enigmaman

Global Growth Likely to Surprise on the Upside

Your said "The sick man of the global economy is America."
Sorry but from what Ive read the rest of the world is as sick or sicker then America, some economies like China and India are not sustainable, they are manufacturers not consumers, they look to the American consumer to support their economy and we are MIA, so eventually their market and economy will respond. France, Germany expect anemic growth and are already talking about expecting less and providing less social services to their dependent population, doesn't sound like they are feeling so strong.

I agree with your statement " financial speculation and reckless credit expansion by governments may well extend this rally into the winter season" but to what end?

America has some serious problems that cheap money and stimulus has done nothing to fix, since the financials have been saved the economy has been settling down of its own accord, the Admin cannot point to any other of its policies and state with any certainty " This good you see happening, is a result of what we have done"

We are in a trap, of cheap money, with no savings, no lending, no credit, to much debt, higher taxes, higher rates, no opportunities, no jobs and with no other options except to wait this out, and nothing the Admin or the Fed can do about it. Its a position we haven't been in before and they know it and are scared to death that they have in spite of what they may say publicly, they have run out of options