Weak US outlook

Weak outlook... over-shadows US 's supposed improving economy.. Consumer spending and income stays flat in June while savings have gone up. Current unemployment rate is at 9.5 percent - a figure that was obtained after creative accounting. And inflation rose 1.5 percent in May according to an index used by the Federal Reserve. Fed may buy new bonds, or so, it was reported. With countries already depending on the "printing press technology" as a lifeline, any purchase of bonds with such toxidity may lead to a severe negative repercussion. One thing for sure, the US is not out of the woods yet. And it will probably take years for US to come around.