Is there too much money in the global economy?

I got a forward today morning that had a url which pointed to website, rather a blog. I was surprised to read through half of the stuff there.

This gentleman did not agree that the things for Global economy are looking up. He was of the opinion that this is a temporary phase and the world economy will relapse into recession mode very soon.

The culprit as per him was too much money in the Global economy. He blamed overprinting of money in the last 20 years. He talked about ‘animal spirits’ in stock market as something that may be linked to the global recession.

He was of the view that the world economy will turn for the better when ‘real expenditure’ will return to the market.

I dunno how much was true as I’m a novice into things too economic. Hope that things turn for the better soon. Amen!