Liquidity Crisis

Far from Normal: U.S. Economy Prevents the Smell of Spring in the Air

There’s a great wish for American finance to return to business-as-usual — raking in fantastic fees for innovating new modes of tradable paper, and engineering mergers and buy-outs that generate huge fees plus $100 million kiss-offs for corporate CEOs in the noble struggle to dismantle America’s productive capacity — but apparently events are still out of hand.