On this blog, I have maintained a focus on the U.S. economy. I have done so for a variety of reasons, many of which are explained in this June 21 2009 post:
Additionally, from a practical perspective, from a time standpoint it would be prohibitive to attempt to comment on all global economic affairs that I consider relevant.
Although I focus on the U.S. economic condition, this is not meant to imply that the U.S. is the only country that faces an array of difficult economic challenges. Much to the contrary – many countries currently face economic issues that are exceedingly problematical.
It is very troubling that so many countries, especially those with large economies, are concurrently experiencing such difficulties. Such a common and unified adverse condition will not bode well assuming severe economic weakness reappears.
Attaining Sustainable Prosperity is a global challenge.
SPX at 1140.78 as this post is written