The financial press sometimes seems to move the sentiment from positive to negative and back to positive over the space of as many hours or days.
The world could well do, to start with some assumptions and then concentrate towards that end.
1) There are certain Parameters of Recovery. Oil price has to be below $85 a barrel for at least six months. At the moment it is near $100 a barrel when economies are struggling towards recovery. Why do the traders not see that wealth is being transferred to the oil producing nations while the rest of us struggle? Oil is a key macro driver - at the right price it helps all economies, at the wrong price it slows everything down. What would you rather see : Recovery or Recession?
2) The other key macro driver is Interest Rates. If the rate is lowest possible, and money actually - physical, paper-less, IOUs, electronic transfers, whatever - available to customers and consumers, the economy can growl like a Jaguar or whatever.
3) Most important point : I believe the Eurozone leaders should decide on a figure, for example $1.45 Trillion, and communicate with China. I believe it should be possible; Money will facilitate trade, and the world wants more trade to continue Recovery and thence to Prosperity.
Please let me have your views, Dear Readers.