mallarde

Capacity's Comeback Strongly Indicates Recession's End

Everyone has said, and I'll try to put it slightly differently. A "recovery" must be more than the market going up and people on CNBC acting giddy. Our economy has structural problems. We have allowed jobs to flow out of the country and millions upon millions of poor -- and not so poor -- workers into our borders to compete for the jobs that remain.

Seeing the return of speculation in the financial markets should not impress us. Americans must change the way they live. They have no bubbles left to cash in on and working for a living got a lot harder. (Maybe we will have a "recovery" limited to the wealthy class.)