The rest of the deveolped world is in debt between 55% to 80%, this indicate the recovery is long way off and the debt issues are wide spread. The U.S. looks quite healthy in comparison to the rest of the world. This indicates the U.S could come back stronger.
I think the major issue with the U.S. recovery is the lobbyists who influence government policies. Consequently policies are created that are counter productive and work against the economy.
There is a Fed induced commodities bubble. If the USD appreciates it will cause destruction. There is $175 billion worth of commdoities projects in Australia that will be effected.
I am wondering why the U.S. is more effected that any other country but has less debt.
