For those still gainfully employed in the US, it may seem that things are stabilizing. For those still out of work, they may have a more realistic view of the "recovery" which really only means that traders are once again making money in the stock market, big business is pocketing revenue, and financial institutions having shed their losses to the US tax payer, are once again enjoying large profits from the "managing" of your money. However gas and food prices continue to rise making it harder and harder for the middle class. The middle class being the engine which produced years of economic prosperity is being chocked further and further and with the middle class goes the future of our country. Even those who understand all the intricacies of the global markets see that we have not fixed what brought us to the verge of collapse in 2008. The stimulus spending has not been invested in projects that will spur long term growth and according to a number of economists that stimulus is about to reach the end of its effectiveness.
The following article from the IMF discusses the need for reforming the global monetary system before the penalties of over spending catches up with the western world again. I have to wonder if the US has a double dip would this be a catalyst to speed up the removal of the dollar as the primary reserve currency undermining yet another pillar of our economy.
IMF Survey: Global Monetary Reforms Needed to Tackle Imbalances
