With half the year behind us and summer vacations beckoning, it's time to stop, take a breath and assess where we are in the economy and the markets. I would sum it up like this: less bad doesn't equal good, but it's better than total melt-down.
After a dismal first quarter, there has been movement away from the edge of disaster. Credit is improving, but still tight; new job losses are still staggering,, but not as bad as it was...
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