> Well, there's a chance they're right. Lots of indicators are
> bottoming, even looking up - and not just in the U.S. It's not a done
> deal yet, but...
But what's financing the expenditure that causes those indicators to rise?
Today's NY Times: "Last week, the Fed reported that consumer borrowing rose in November by $19.8 billion, the biggest monthly increase since the Fed began keeping records in 1943."
Maybe this can go on forever. But in order for that to happen, the dollar will have to stay high, interest rates low, the c/a deficit enormous, and debt rising until kingdom come.
Seth