One phrase perhaps best characterizes the state of what I'd call the US Corporate Confidence Index (yaay! I seem to have pulled off another one of those fancy acronyms ;) ). Despite its sombre tone, theres a sadistic beauty about it and years hence our descendants might study it in their history books. So I decided to frame it on my blog. Here goes:
"We're all sub-prime" - Kevin Logan, a US Economist, after the recent 'crisis'