This is one of the more interesting articles I've come across and I think gives some hints as to what is going on in the economy:
1) This is a consumer lead downturn
2) From a US business perspective, it is financial institutions that are in trouble. Sure, financial institutions are important but when we talk about an economic slow-down, is it really impacting US businesses across the board or is it focused on one (admittedly large) segment of US enterprise?
3) US manufacturers like the low dollar. That is good in the short term but what happens when/if the dollar goes back up?
4) I still equate low-dollar with the inevitability of higher inflation... it is out there, somewhere.
Foreign Demand Aids Durable Goods - WSJ.com
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