Leave it to Thomas Friedman to sum up the current state of the economy and our prospects for recovery in one sentence (from today's column):
"We have woven such a tangled financial mess with subprime mortgages wrapped in complex bonds and derivatives, pumped up with leverage, and then globalized to the far corners of the earth that, much as we want to think this will soon be over, that is highly unlikely."
- Thomas Friedman, 2/1/09
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