The US stock market is closed today but will tomorrow bring about a true global collapse?
The US dollar has been in a long slide.
Now bond market insurers, $2.5 trillion in the municipal-bond market, are also looking at massive write offs and downgrades.
The economists' consensus on the Bush economic stimulus: too little and too late.
Capital protection via trade agreements and the free flow of foreign investment, capital, I now wonder if the playing differing domestic economies (PPP) off of each other game is coming home to roost.
We hear about the housing bubble, but is there a capital bubble?
Finally one astute observation:
Global wage arbitrage is a far bigger economic force now than during the bulk of Japan's deflationary years.
Someone is finally connecting this crash to globalization.
Oh, here's a scary fact, consumption accounts for 70% of US GDP currently.