Shiller was on CNBC this morning taking about the possibility that this economic recovery may be exceptionally weak for years to come:
“”It's clearly not over yet,” he said. “It's not obvious that people are really ready to spend again. That may take years to rekindle that normalcy.”
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Danielle, I know you don’t seem to believe in decoupling but it is happening from what I see it has not fully taken place. Yet the US is still important but not as it once was. What do you think of this article by Curtis Mewbourne from Pimco? New normal, weak recovery and decoupling.
http://tinyurl.com/nggbbm
We should not under estimate an American consumer….