The dark tunnel that the US economy has entered began to look more and more like a black hole last week, sucking in lives, fortunes, and prospects behind a Potemkin facade of orderly retreat put up by anyone in authority with a story to tell or an interest to protect - Fed chairman Bernanke, CNBC, The New York Times, the Bank of America, etc. Events are now moving ahead of anything that personalities can do to control them.
Read full story
