Cha, you sound as though you've been mauled by a bear. lol
I'm taking things very short term -- and my post specifically referred to the outlook for tomorrow.
As for the USA... Yes, it is in a mess. But it remains nonetheless the world's biggest economy. Just as many, including myself, find it difficult to comprehend the urbanisation of China... I venture that the same thing applies to understanding the size of the US economy.
Until I see factual proof in the form of negative GDP numbers, in my mind the USA is not in recession let alone depression, and has not been.
Every USA-basher has been bleating depression for the last 8 months or so.... yet not one GDP figure has supported that viewpoint.
I've been through several recessions here in Australia, and for me personally, this does not feel like what has been experienced before.
So, I'm not feeling bearish. :)
Cha, you sound as though you've been mauled by a bear. lolI'm...
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