[Night Hides Not]

I hope you're right, what's up. I just don't see how our economy will thrive in a macroeconomic sense with the costs of energy and healthcare spiralling as they are.

There is one thing that eases my concerns: the balance sheets of most of our corporations have never been healthier, except for the banks. I see the Fed keeping the funds flowing to offset the lack of lending by banks.

I think that will be sufficient to stave off a recession. Slow growth, yes...recession, no.

[what's up]

You bring up the cost of energy...personally I believe oil is in a bubble. I know there are plenty of people who believe it is going higher and will never again come down. But I don't agree.

If I'm right, the popping of that bubble alone will take care of a lot of the rest.