Calculated Risk see things possibly stabilizing.
Europe appears to have the resources to resolve the crisis, but they lack the mechanisms and the political unity. The clock is ticking.In the U.S., the September data was mostly better than in August.
Read the whole point with graphs, Summary for Week Ending Sept 30th.
It seems that now everything depends on the political climate. Can the Europeans show the solidarity needed to move toward greater unity? Can the US Congress cooperate to keep the deficit large enough to continue the stabilizing trend?
Big if's. There is also a lot of deflationary downdraft globally that is creating headwinds. Still a very tenuous situation. However promising some ket factors look, effective demand still sucks.