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As of November 2009, world stock markets started a strong rise to record highs for the year, due in part to rising optimism about the world economy. Stock markets climbed as stock market news reported that retail sales in the United States had risen more robustly than previously expected, raising hopes that Americans would go back to their prior consumption level despite rising unemployment.

"Now that we have broken through the 5,300 level, a lot of investors are thinking we can keep going higher and higher. A lot of people are jumping back on to the recovery bandwagon," said Joshua Raymond, strategist at City Index.

There is, however, a cautionary tale that is being spun by analysts due largely in part to the end of the government's "cash for clunkers" offer. Some analysts feel that prices were strong due to the new car incentive and now that it's over, many factories such as the ones in Asia who are dependent on selling their goods to Americans will now see a fall in consumer spending. Since American consumption accounts for up to 75% of the US economy, it's regarded as a quantifying measurement for gauging how solid global recovery will be.

Capital Economics is a firm that provides economic research on US, Europe, Asia, Latin America and the UK. Paul Dales, an analyst at Capital Economics states that, "Overall, underlying sales growth is fairly steady, albeit at a low rate. Looking ahead, against a background of high unemployment, low-income growth and tight credit, it seems unlikely that households will be able to spend more freely anytime soon".

In an ironical twist of fate, just as stock markets started to rise in November, British banks were set to fall after it became evident that they had unwisely invested in debt ridden Dubai. Unfortunately the facts that emerged were: the Royal Bank of Scotland was Dubai World's biggest loan arranger since 2007, HSBC has loaned or advanced almost ?10 billion to UAD customers and Barclays has exposure of up to ?3 billion.

Since tax payers are the usual victims of providing the bail out money, these figures are exceptionally alarming especially in the wake of Lloyds Banking group and RBS receiving yet another ?50billion to keep them in business.

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