Asia Times Online, 13 May 2009, Martin Hutchinson
Stock markets have shown clear signs of irrational exuberance in recent weeks, on evidence that the US and global economy is exhibiting "green shoots" of impending recovery. While I have said several times that the US economy appears to be approaching a near-term bottom, I don't expect recovery to impend any time soon, so I thought it worth examining these green shoots to determine which were most likely to wilt first.
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