Garth Turner at greaterfool.ca.:

“Interest rates will continue to race to zero and stay there. Suckers will borrow. The media will report it. Fools will follow. ”

“So, no depression.  The GDP will likely be rising marginally a year from now, but that does not mean ugly days will be passing...Many people in their forties and fifties who lost work in 2009 will never work again…Capitalism’s cooked. This is now a government-run society. Irony of irony – free enterprise has moved East.”

So, we guess Garth is a little on the pessimistic side…