READING ALL the economic prognostications just makes my head hurt.
Nobody strikes me as being that convincing either way, so it's really an exercise of hedging bets and gripping the arms of my chair as tightly as possible.
My fellow Americans are saving money like it's going out of style. One report showed that we have saved four times more in the first quarter as we saved in the equivalent quarter last year. That's not good for the consumer-based economy, necessarily, but it is a reflection of sanity at some level.