More of the same, more or less. The economy continues to stink, and not just in the U.S. German industrial production is in a freefall. In fact, the European economy looks to be declining faster than ours. Yet most European governments are showing little interest in bigger stimulus programs, despite U.S. pressure to step up.  U.S. imperial power We’ll see how long that resistance continues. Chrystia Freeland had an interesting piece (“Salvation, like the sin, will emerge from the US”) in the Financial Times on Thursday arguing that even though this economic… Read More