Toomuch Prehaps the increase in tile imports in the USA as SPAIN...

Toomuch
Prehaps the increase in tile imports in the USA as SPAIN ismore people are wanting to tile their cardboard boxes which they live in so the rain doesn't get in.

I really can't understand how anyone can be bullish in this market from a fundamental point of view ( I understand one can think the market will rise more technically)
Spain, Ireland and greece owe two trillion dolllard to the European banks. Ireland and Greece have little if any probability of ever paying their loans back which means at some point the already weak European banks will take massive losses. The USA is not far behind and Japan has been stuffed for over a decade and their debt has been growing at higher and higher levels. The problem is this debt has not been matched equally by real assets, and this imbalance has to be dealt with at some point. I really feel people are treating these problems like the average recession were were return to growth and all is fixed. It's simply not the case this time.