The economic recovery is definitely slowing, and there are very serious concerns that China's economy is slowing. In addition, some "experts" are saying that when they "read between the lines" of a July Fed meeting, they believe the US as a nation is essentially bankrupt. Other experts are saying that Federal Bonds (also called T Notes) should be dumped and that stocks should be avoided.
Doom and gloom reign on Wall Street at the moment. There is speculation that the government may have to double taxation rates to compensate for the overextension of our budget.
This fall should be interesting. We may see another crash similar to late 2008.
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