1. In the USA, "The long-moribund housing market has bustled to life, with prices and new-home construction rising in recent weeks.
"Hiring, so weak earlier this year, picked up last month.
"And on Thursday, the government reported an acceleration of a downward trend in the number of people seeking unemployment insurance, as well as a sharp improvement in U.S. exports."
Economy might be gaining traction, new data suggest Washington Post, August 2012.
The Merkel memorandum The Economist, August 2012.
3. Economists at Barclays are forecasting that the USA is unlikely to suffer a double dip recession.
World holds its breath as America's debt battle looms Telegraph.co.uk
In 2001, the world economy was only $32 trillion.
We were living in that part of the world at that time.
In the country we were living in, some banks closed down. The currency lost 76% of its value.
But, the supermarkets remained open and within a few years everything was back to normal.
There was no need to stockpile food or ammunition!
The riots were all carefully organised by the CIA, and only certain Chinese businesses were hit.
Malaysia introduced capital controls and saved its economy.
Singapore organised huge market interventions.
Korea had a 'virtual shutdown of international banking'.
In all three countries, GDP was higher three years later than it had been before the crash.
Photo of Soros taken by Jeff Ooi. Posted to LensaMalaysia.com
(Michael Snyder -The Economic Collapse -August 13, 2012)
There are those who believe that the Asian Economic Crisis of 1997 was planned by certain people.
In 1997, banks got into difficulty in Asia.
Malaysian Prime Minister Mahathir Mohamad thought he knew who was behind it all: George Soros, Jewish currency trader. (MAHATHIR VS. SOROS)