The problems in America...are not fiscal...or monetary...although both of those policies approaches have been twisted into a knots trying to get out of this Great Depression...
The real problems are STRUCTURAL...
Structural is sort of a "code word" in the media and in the markets for someone who knows whats really happening...but is not allowed to say it on TV...
Structural means the multinationals are treating the US and the Chinese economy AS IF THEY ARE ONE ECONOMY...
YOU PRODUCE IN CHINA...AND YOU SELL IN AMERICA...SIMPLE! NO PROBLEMS RIGHT...?
It should be obvious that that creates a DISEQUILIBRIUM IN THE MARKETS...because China and the US are NOT the same...one is losing and the other is gaining...
The Multinationals don't "feel" this because...well...they are multinational....
But Americans feel it as pain...and Chinese feel it as gain...
Until the Structural issues are RECOGNIZED and handled there will be no end to the Depression in America...
In short...we ain't even askin the right questions yet...! So how can you expect to get the right answers...??
