Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
No doubt tje US could surprise this year ... the world economies are starting to turn and the US a bit of a laggard
However as the chart below shows the markets (as usual) are well ahead of the play ..... and any sustained economic recovery from this point on might not mean bumper times on the worlds equity markets
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