At the Economist's Economics by Invitation: We Need Different Cossacks Round II
Economic Impact of the Recovery Act

I Must Say, If S&P's David Beers Had Set Out to Humiliate HImself...

…he could not have done better than choosing last Friday to downgrade U.S Treasury bonds:

US Generic Govt 10 Year Yield  USGG10YR IND Index Performance  Bloomberg

S P 500 Index  SPX IND Index Performance  Bloomberg

Perhaps Obama should use his control of the Treasury Department, and its control of Fannie Mae and Freddie Mac, to implement a jobs-and-growth agenda based on fixing the housing market?

It's not as though Europe is going to be the locomotive of the world economy anytime soon, is it?

Deutsche Borse AG German Stock Index DAX  DAX IND Index Performance  Bloomberg

And it's not as though there are many signs that general non-construction corporate investment is depressed, are there?

FRED Graph  St Louis Fed 1