Ominous Signs

Its hard to be optimistic when there are articles like this which says that banks around the world will have to pay back trillions of dollars in loans in the next two years. Also, in his column, Paul Krugman talks about the probability of coming deflation. I think his analysis is correct, although I don't think his prescribed solution of more stimulus will work. Yet the Times also reports that Wall is hiring in anticipation of a recovery. Its hard to see how any recovery is possible.