This is the first year of a global economic contraction. The debt bubble that’s deflating right now has caused prices to be driven down harder than almost any other time in history. Anyone who thinks this thing is near over, had better study the facts and history a little harder. $30T lost in the equity markets and $3T lost in real estate in the last year. A few trillion by the govt will barely put a dent in this problem. Spending without regard for market driven productivity got us here, more of it will not solve the problem.
