Not being one to gloss over what good news we get, it bears mentioning even here that the markets are up and some sectors of the economy have at least the surface appearance of improvement.
However, not everyone seems to be sharing our brand of enthusiasm, as China doesn't see to think we look like such a great investment anymore...
The question I keep asking (along with many other, smarter people) is whether we're actually fixing the foundations of the problem, or just sloppily plastering over the holes.
Monday, May 4, 2009
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