a big problem is this disconnect from ordinary people's life, last Friday on Real Time with Bill Maher this financial host was explaining how it wasn't so bad:
summary: "it's a global economy and American companies also have operations abroad which are doing well, which is good for stock prices, so every American should buy stocks as an investment, since they outperforme every other financial asset"
in what lala-land is she living, people have trouble paying their morgage, paying their debts, paying for health care, paying for tuition, ... 10 million MORE poor people under Bush
Do you really think middle class and poor people have excess money left to be building their stock portfolio? Especially since it got wiped out when the tech bubble burst!
a scary list: Current account balance
https://www.cia.gov/library/publicat.../2187rank.html
guess where the US ranks