Well...
1. Over a quadrillion dollars in derivatives ready to blow
2. US has, by some estimates, a 200 trillion dollar fiscal gap
3. Unprecedented amounts of private and public debt
4. No real economic answers in the US
5. The stock market is not the economy
You can say what you like, the US is in deep doo doo........and by extension so are we.
Europe is in the same boat.
MB