The fundamental of our economy is TRUST. I hate to spell this to any of our left or right leaders, but trust is a hard to find nowadays.

An American worker could be the most productive worker in the world, but if the financial system isn’t working, a lay off is just around the corner (don’t forget, we’re broke…..we survive on a credit card & borrowed time). Before this mess, the US looked stunning like a GQ model, walking on Hollywooed Blvd, Armani suit, hair done, plenty of bling with some minor issues on the inside (they weren’t visible). Using the same analogy today, the rest of the world sees the US is looking more like the emty suit with our pockets empty…

I don’t expect investors and other countries/governments to be enticed to invest in the US the same way they did before not accounting for the new risk. Also, I expect that the cost of borrowing $ to go up significantly due to lack of fundamentals “TRUST”.

Hence, our productivity is high today and it could still remain high but with 10-15% unemployment as well……but TRUST is what’s more important.