The post GFC world has set off a domino effect. Globally, trust in government is beginning to erode. We first saw it in the "Arab Spring", but it's everywhere if you care to look.
Europe has gone from one disaster to another - the most recent being Cyprus. Now the Japanese will undertake a massive version of their own QE. In the US the job participation rate in the lowest since 1979. Even in Aus we see a government scrambling for cash, looking to make things sustainable.
The markets sill signify a loss of trust and force the govt's hands.
Where is the good news? Like each season, this too shall pass. First comes the pain.
http://www.jsmineset.com/2013/04/06/you-must-act-now/
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