a question: with the possibility of McCain or a Democrat coming to power and some of the excesses coming under regulation and some chance of a return to honour among thieves, and the fact [?] that corporate profits continue to ride high, can an uptick in corporate investment/spending make a difference?
    --ravi


I don't see more real investment as relevant. You've got this huge pyramid of conflicting financial claims -- what my brother blogger Atrios calls "Big Shitpile," that has to be dealt with. Don't ask me how.



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