Hi @goldbear77
I hear what you're saying, and need time to ponder it.
Unrelated (but related to another Post of yours), I expect no US rate hikes before the November Elections (and I never make predictions, but just did), and while I follow all the US numbers very closely, and post them here nightly, and they're all pretty bad - recession-like, in fact - I was very surprised, indeed, startled, to read Niall Ferguson, one of my favorite historians (now in Oz) suggesting Q1 marked an inflection point and the GFC hangover was now receding. Of course this will take some time. He's someone I respect greatly, have read many of his books, and he is - of course - an economic historian by training (something unusual and very valuable these days, bringing a different perspective than that of most historians). I recommend him to all.
Here's a reference:
AFR, May 19 http://www.copyright link/news/econ...-over-and-inflation-will-rise-20160519-goyolq Niall Ferguson says GFC stagnation is over and inflation will rise
