If China loses faith the dollar will collapse. Andy Xie, FT.
The economic outlook. Ben Bernanke, Fed. its all about 2nd derivatives --- tentative signs of moderating declines:
"Even after a recovery gets under way, the rate of growth of real economic activity is likely to remain below its longer-run potential for a while, implying that the current slack in resource utilization will increase further.... a sustained recovery in economic activity depends critically on restoring stability to the financial system."
Lessons of the global financial crisis: 1. The end of Ponzi prosperity. Satyajit Das, eurointelligence.
Nation ready to be lied to about economy again. The Onion.
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