so we've seen a marked deterioration in us economy in recent months - unemployment going up and us housing market deteriorating at a rapid rate. Fed can no longer lower rates, govt spending tapped out and lending still falling at rates consistent with the great depression. Current analyst forecasts for 2011 are for record all time high earnings.
This is looking very ominous. I can see Ben Bernanke firing up his helicopter sometime soon, not much left in the play book
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