VIX is signaling a rather complacent market, which is remarkable given the Greek credit event and all that it implies.
The US economy is stagnating, or should I say, 'stagflating.'
The growth in the economy is being captured by a very small minority of market participants, which is impeding any attempts at stimulus. Austerity is even worse, so there is the standoff.
Without genuine reform, there can be no sustained recovery. The Fed will print, the financial corporations will plunder, and the government will deny, until something breaks.
