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Russia has achieved this success not by coddling its job creators or by adopting radically free-market and business-friendly policies, but by supporting consumer demand, encouraging consumption, and loosening credit within the confines of its (deeply flawed) preexisting economic structures.
FORBES: Lessons for the United States from Russia's Job Creators
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We saw it in the campaign to get corporations to withdraw from the American Legislative Exchange Council, a pro-market organization of state legislators that found itself branded racist for supporting state voter-ID and stand-your-ground laws.
WSJ: McGurn: The Chick-fil-A War Is Back On
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The market for humdrum corporate servers supporting run-of-the-mill business applications is shrinking, in effect, since the price of the things is falling faster than the growth in volume being shipped.
ECONOMIST: Sun Microsystems
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This and other dual-core and quad-core smartphone products supporting TD-SCDMA, WCDMA and LTE will expand our addressable market, improve our product mix and position us for strong growth this year.
FORBES: Spreadtrum Spikes As Q4 Results Top Street Estimates
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Or to put it another way, the vast majority of foreign exchange trading was supporting market speculation, not genuine wealth-creating activity by businesses.
BBC: How scary is a financial transactions tax?
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Stack's technical read of the market continues to remain bullish, with advance-decline ratios and put-call ratios supporting the case for a continued advance in stocks.
FORBES: Looking Up From Dow 10K
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Supporting this view is the fact that new issuance in the junk-bond market has more or less ceased, regardless of the terms offered.
ECONOMIST: American securities markets