A Street Does Not a Nation Make....
Roger Cohen has a brightly optimistic op-ed piece in today's NY Times, carrying the headline "A Nation Hard to Short." He was up early the other morning to see: "...The rising sun just knotting its tie over the serried high rises of midtown and the Upper East Side. It was a magnificent sight, the city resplendent. New York has recovered, if not its stride, at least its balance." On that very same day, Cohen had seen Warren Buffet on MSNBC making the claim that “It’s hard to short America in the long term.” The beauty of New York at dawn - Warren Buffet's happy optimism on MSNBC - these elements of Cohen's day leave him filled with hope for "the land hardwired for the future," and renewed by the "enduring belief of millions in America as a transforming power." I read this today in my house in a suburb of a city that is posting an unemployment rate of 11.3 percent . And I think that there is a certain myopia to much that I ...