Correcting the Market

It may be possible that the macro-economic trends may have reversed to correct the account imbalances that the U.S.A. faces. However, the impact will not be noticed for quite some time.

Just for the sake of discussion: say, the U.S. did do everything right to address the realities impacting the macro-economic problems that it faces? The problem is that the positive effects will take at least about 15 years to become visually apparent.

The only thing that is going to keep the world out of recession in 2008 is if the European modestly reduce interest rates to boost consumption. And if China can keep from raising their interest rates too much to address inflation. But it's going to be a close call.