Prices too high for the average consumer.
Wages too low to make ends meet with the present pricing and lifestyle
People and companies living on credit and unable to even make the interest payments.
A general malaise setting in to the work force.
Things tend to start to slide.
Prices need to come down.
Wages need to settle out.
People need to see a light at the end of the tunnel and hope it is not a train.
Hope and positive attitude will do a lot more than borrowing money to pay off a debt that is increased by borrowing money.
We should be quite concerned about all those countries borrowing money to spend on job creation.
When that money runs out - and it will - will the next round of borrowing be the answer?
Should there be a next round of borrowing?
I do not think so.
You simply cannot pay off your mortgage by continually borrowing money.
I have not seen anyone come up with a time table of events that will positively show some dates when this planned boost of money will turn things around.
If there is a plan for a turn around and it is less than several years I could never believe it.
I am afraid things will get very bad - not better - in the next year or so.
BC