I see straight down until at least the end of next year and then at least 10 years before any world wide recovery.
Hi Mr. Reed!
By then (in 10 years) we'll have multitudes of boomers retiring, sucking billions per day out of the (un)productive class, then shortly after that, a 55 trillion nut in medicare alone. This is leaving aside all of the trillions we'll have to come up with to pay for Roosevelt's, Johnson's and GWB's big government giveaways, plus all of those Obama is sure to manufacture.
Sure we'll see spurts and upticks causing some to think it's all gone away, but few have come to grips with the simple fact that America is officially bankrupt - some of us just don't know it yet. That's not rocket science, it's just simple 3rd grade math.
There is simply no way that we'll even begin to pay for it all. We can't even pay the interest on what we owe now, much less all the $*** that is gathering and will be rolling down hill in the near future.