Strong Asset Prices and Weak Jobs Explained
Here is a link to the best article that I have read in the past two years explaining America today. It is by David Leonhardt and along with Krugmans article on Europe a few days ago you have probably have most of what you need to read for 2011.
http://www.nytimes.com/2011/01/19/business/economy/19leonhardt.html
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