Monday, December 7, 2009

While the Crisis Eases, The Risks Remain

Interesting WSJ headline this morning sent via Twitter:

Economic Crisis Ebbs, Risks Don't
Markets have bounced back. Economies are recovering. U.S. unemployment is showing signs of easing. But as the worst crisis since the Great Depression appears to be passing, we could be setting the stage for the next one.
While policy makers breathe a collective sigh of relief, they're making little progress in addressing deeper flaws that the crisis laid bare: an unwieldy banking system, unreliable financial plumbing and a global economy that encourages and depends on heavy borrowing by the U.S.