now about the "strong" US economy.
Government debt 99%
Defizit 9,7% ( with NO MEASURES in order to reduce it. At least here in Europe we try to reduce it)
Unemployment 9,4% ( and around 7-8% of the people discouraged to search for a job after 2-3 of failed efforts. Total REAL unemployement over 17%)
Inflation 3,7% (and growing cause FED prints like HELL)
27% of the population with NO security
Trade deficit 6% of GDP
In fact USA is Greece in bigger terms !!! YES !!!
Twin deficits
Government of 9,7 % and Trade of 6%.
The ONLY thing that saves USA and dollar is that Germany and the northern European countries are stuck with the Med-club. Or
else the DM would go at least + 300% vs the US dollar that is printed like hell
China
Trade surplus going down for 3 year in a row
In 2012 it would be 100 bil dollars or less ( something like 65 bill euros. Germany for an example will achieve at LEAST 220 bill dollars trade surplus for 2011 or 160 bil euros !! China ? Which China ?)
Economy is cooling (from 9,7% GDP growth to 8% or maybe less)
Foreign exchange reserves going DOWN for the first time since 1998 !!! 14 YEARS AGO !!! Yep !!!
India
Its currency lost 20% in some months time and inflation is SKYROCKETING. It has an enormous current account deficit and money is fleeing from the country
Eurozone
Greece, Portugal, Spain and Italy ALREADY into a SEVERE recession.
France is coming. The downgrade is a SLAP in the face of the ARROGANT French. The consumer confidence would dive and dive. I predict -2% in GDP in some months time.
Imagine how Germans would react in a some occasion. They would stay in home and sparren till death.
But according to CNBC and Marketwatch, you MUST buy stocks. BUY, BUY, BUY. Us economy is skyrocketing, everything goes well. Buy Apple, Buy Google. BUY, BUY, BUY.
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