find8 I hadn't heard of Koo before . But I note his comments on businessinsider 22/11/2011 says he sees less risk of usa going into a downturn [ in comparison to europe ]
I reckon it is best to listen to traders than economists as they will fill u with their current thoughts which are likely to change or be wrong , akka Craig James above .
Debt levels are a problem but are being addressed like they always seem to be at new decade starts . The point is to make sure your own house is in order and stuff everyone else and their beliefs . If u have cash in the bank and own all your own assets then who can take them away from u ? The trick is if things do get real nasty is to find a secure income . Even a low paid govt job would do until they decide to sack everyone like what happened in the naughty 90's .
Listen to Keen at your own peril . He sold his house cause his x left him . He is a paid professor and not a trader . He also enjoys seeking publicity for his UNI ,job and the crap he writes .
