As Wall Street goes global and DC ignores the deficit, a new roll for (soon to be ex) VCs emerges.
The economy expanded at a 3.5 percent rate in the third quarter even though the unemployment rate is high, incomes aren't going anywhere, and consumers are shaky. Why is the stock market improving while the domestic economy stalls? Dan Gross at Slate says it’s because our public companies buy and sell a huge and growing portion of their goods overseas; ... [Read more]