Wednesday, June 13, 2012

Island of Stability

"And us? America’s flexible federal system makes it, theoretically, well-suited to thrive in a hyperconnected world, but only if we get our macroeconomic house in order and our education up to par (or better). We should be the world’s island of stability today. But we’re not. As Mohamed el-Erian, the chief executive of the bond giant Pimco, puts it, “We’re just the cleanest dirty shirt around.”"


NYT

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