Hounded by Evil Dollar & Collapsed Commodity Prices, Corporate America Clamors for Total Currency War
American consumers are feeling practically euphoric. The Conference Board index jumped almost ten points to the highest level since August 2007, just before the whole construct came apart. Not that reality has suddenly improved that much. But hey, we’re born survivors. Sooner or later, we adjust to lower real incomes and reduced standards of living and start feeling good again.
This exuberance came just as our largest corporate citizens were hit by a tornado of problems – because financial engineering can only do so much.
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