And after a year or two, what is it that is going to end the recession?
Increased worldwide production? Increased world trade of what kind of goods?
With the real or approaching depletion of most raw materials what is the "new economy" going to be built on?
In my humble opinion, the future is China.
As much as we hate to admit it, they are the future super power.
They have a controlled economy. They are investing in solar power, amongst other things.
Their population is huge.
This recession will end somewhat as it did in the 80's. New technology.
Solar power. Hybrid cars.
The U.S. consumerism will not be the driving factor.
But, that is just my opinion.